Bank of Canada Holds Rates Steady at 0.5%

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the market's reaction to the Bank of Canada's decision to keep interest rates unchanged?
The Canadian dollar reached a one-month high.
There was no change in the Canadian dollar.
The Canadian dollar rose to a one-week high.
The Canadian dollar fell sharply.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the estimated impact of the Alberta wildfires on Canada's GDP in the second quarter?
0.5%
1%
1.5%
2%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the Bank of Canada adjust its GDP growth forecast for 2016?
Increased to 1.7%
Increased to 2.0%
Decreased to 1.3%
Remained at 1.5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the Bank of Canada's assessment of Brexit's impact on the Canadian economy?
Significant impact with major economic changes.
Minimal impact with a 0.1% effect on growth.
No impact at all.
A positive impact on the economy.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Bank of Canada focusing on for future economic growth?
Expanding the housing market.
Business investment and non-energy exports.
Reducing interest rates further.
Increasing oil exports.
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