Bank of Canada Growth Forecast 'Pretty Grim': RBC's Laschelles

Bank of Canada Growth Forecast 'Pretty Grim': RBC's Laschelles

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Business, Social Studies

University

Hard

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The transcript discusses the Canadian economic outlook, highlighting a dovish stance with downgraded growth forecasts. It explores the influence of US and global economic trends, noting the interconnectedness of economies. Challenges such as the housing market, oil market, and competitiveness issues are also addressed, indicating potential headwinds for Canada's economy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the downgrade in the Canadian economy's growth outlook?

Improved global trade

A dovish statement

Higher interest rates

Increased consumer spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the U.S. economy influence the Canadian economy according to the transcript?

By controlling Canadian interest rates

Through direct investment

By setting global oil prices

As a predictor of economic trends

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the reasons for the global growth slowdown mentioned in the transcript?

Political stability

Technological advancements

Deceleration in the U.S. economy

Increase in global trade

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which market is no longer providing a tailwind to the Canadian economy?

Technology

Housing

Agriculture

Manufacturing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What broader issue is affecting the Canadian economy's competitiveness?

Regulatory constraints

High consumer confidence

Low unemployment rates

Strong currency