Bank of Canada Still Wants to Raise Rates, Manulife's Donald Says

Bank of Canada Still Wants to Raise Rates, Manulife's Donald Says

Assessment

Interactive Video

Business, Architecture, Social Studies

University

Hard

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The transcript discusses the economic outlook for Canada, focusing on rate hikes, GDP downgrades, and business investment challenges. It highlights the impact of oil prices on the economy and the Bank of Canada's stance on interest rates. The discussion also covers growth forecasts and job numbers, emphasizing the need for stabilization in non-energy sectors and the challenges posed by slowing wage growth and rising debt service costs.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expectations for business investment in Canada moving forward?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of falling oil prices on the Canadian economy?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How do the current job numbers in Canada contrast with wage growth trends?

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