Bank of Canada Holds Rates Steady at 0.5%

The video discusses the Bank of Canada's decision to keep interest rates unchanged, which was expected by the market. It highlights the impact of Alberta wildfires on GDP, predicting a 1% hit in the second quarter but a rebound in the third. The Bank of Canada has adjusted its growth forecasts for 2016 and 2017. The video also touches on housing market concerns in Vancouver and Toronto. Additionally, it covers the minimal impact of Brexit on Canada's economy and the positive market response to the event.

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.

What was the estimated impact of the Alberta wildfires on Canada's GDP in the second quarter?

• 0.5%

• 1%

• 1.5%

• 2%

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%

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.

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.