Bank of Canada Cuts Rates by 50 Basis Points to 3.25%

The video discusses recent economic developments, focusing on monetary policy and inflation targets. It highlights the US economy's strength and the appreciation of the US dollar. Canada's economic growth is slower than expected, with consumer spending and housing activity increasing due to lower interest rates. The job market in Canada is softening, with rising unemployment, especially among young people and newcomers. Policy measures, including reduced immigration targets, are expected to impact future growth and inflation.

What is the current policy rate after the fifth consecutive decrease?

• 2.5%

• 3.25%

• 4%

• 3.75%

Which currency has appreciated against the Canadian dollar?

• Euro

• US Dollar

• Japanese Yen

• British Pound

What was the growth rate of Canada's economy in the third quarter?

• 1.5%

• 2%

• 1%

• 0.5%

Which factors contributed to the slowdown in Canada's third-quarter growth?

• Tourism and agriculture

• Government spending and imports

• Business investment, inventories, and exports

• Consumer spending and housing activity

What is one significant policy measure affecting Canada's future GDP growth?

• Reduced immigration targets

• Higher taxation

• Increased government spending

• Increased interest rates