No Reason for Bank of Canada to Act, Economist Rosenberg Says

The video discusses the recent 6% increase in hourly wages and its implications for the Bank of Canada's monetary policy. It highlights the bank's current stance on quantitative easing and the positive economic rebound due to fiscal and monetary stimulus. The forward guidance suggests a protracted and uneven economic recovery, with inflation expected to remain below target. The significant fiscal stimulus in Canada has been a key factor in the economic recovery, leading to higher aggregate income compared to pre-pandemic levels.

What was the Bank of Canada's response to the recent 6% increase in hourly wages?

• They decided to increase interest rates.

• They chose to maintain their current policy.

• They reduced quantitative easing significantly.

• They implemented new fiscal measures.

How does the Bank of Canada describe the economic recovery outlook?

• Rapid and consistent

• Protracted and uneven

• Stable and predictable

• Volatile and uncertain

What is the Bank of Canada's expectation for inflation in the near future?

• It will exceed the target.

• It will remain below the target.

• It will fluctuate unpredictably.

• It will meet the target exactly.

How does Canada's fiscal stimulus compare to the rest of the world?

• It is less than the global average.

• It is about double the global average.

• It is roughly the same as the global average.

• It is about half of the global average.

What has been the effect of Canada's fiscal stimulus on aggregate income?

• Aggregate income has become unstable.

• Aggregate income has remained the same.

• Aggregate income has increased.

• Aggregate income has decreased.