Bank of Canada’s Benchmark Rate Remains Unchanged at 0.5%

The video discusses the contrasting monetary policies of the Bank of Canada and the Federal Reserve, highlighting the differing economic conditions in Canada and the US. While the US is expected to raise interest rates, Canada shows no signs of doing so due to its sluggish economic growth. The video also examines the impact of falling oil prices on Canada and the lack of visible effects from infrastructure spending, drawing parallels with US policies.

What is the probability of a rate hike by the Bank of Canada according to the transcript?

• 0%

• 50%

• 75%

• 100%

Which factor is mentioned as impacting the Canadian economy?

• Falling oil prices

• Rising oil prices

• Increasing oil exports

• Stable oil prices

What has not materialized in Canada despite expectations?

• Employment growth

• Inflation control

• Interest rate hike

• Export recovery

What remains significant in the Canadian economy according to the governor?

• Economic slack

• Employment

• Inflation

• Economic growth

What is the cautionary tale for the United States mentioned in the transcript?

• Export policies

• Interest rate hikes

• Infrastructure spending

• Tax cuts