BOC's Wilkins Says Nafta Uncertainty Hurting Businesses

The video discusses the Bank of Canada's role in targeting inflation and how trade agreement uncertainties affect Canadian businesses. It highlights the cautious approach businesses are taking towards investment, considering potential impacts on future growth. Despite concerns, businesses remain optimistic about demand, supported by positive global economic growth. Canadian businesses plan to invest domestically, showing an upward trend in investment profiles.

What is the primary role of the Bank of Canada as discussed in the video?

• To regulate the stock market

• To control interest rates

• To target inflation

• To manage foreign exchange rates

How are Canadian businesses reacting to trade agreement uncertainties?

• They are investing more in Canada

• They are unaffected by the uncertainties

• They are becoming more cautious with investments

• They are expanding rapidly

What is a major concern for Canadian businesses regarding trade talks?

• Potential increase in taxes

• High inflation rates

• Failure of trade talks

• Lack of skilled labor

What is the general outlook of Canadian businesses on global demand?

• Pessimistic

• Neutral

• Uncertain

• Optimistic

Despite trade uncertainties, what trend is observed in Canadian business investments?

• A downward trend

• No change

• An upward trend

• A fluctuating trend