QuickTake: Canada’s Next Step

The video discusses Canada's economic situation post-financial crisis, focusing on challenges like the oil price crash and the new Prime Minister Justin Trudeau's approach to deficit spending. The Bank of Canada maintains interest rates, showing cautious optimism for recovery despite headwinds like a pressured Canadian dollar. Trudeau's plans for increased deficit spending are contrasted with previous austerity measures. The video also covers Trudeau's meeting with President Obama, highlighting shared interests in infrastructure spending amid limits of monetary policy.

What economic challenge did Canada face despite avoiding the financial crisis?

• A crash in oil prices

• A rise in inflation

• A housing market collapse

• A banking sector failure

What is Prime Minister Justin Trudeau's approach to reviving the Canadian economy?

• Implementing austerity measures

• Increasing deficit spending

• Increasing taxes

• Reducing government spending

Why did the Bank of Canada decide to keep interest rates unchanged?

• Due to high inflation

• Because of Trudeau's budget plans

• To encourage more borrowing

• To stabilize the housing market

What is a concern for Canadians who oppose Trudeau's economic plan?

• Increased government control

• High unemployment rates

• Preference for austerity measures

• Rising debt levels

What was a topic of discussion between Trudeau and Obama during their meeting?

• Trade agreements

• Infrastructure spending

• Healthcare policies

• Military cooperation