Bank of Canada (BoC) Governor Tiff Macklem said on Friday that if population growth slows faster than assumed, the headline Gross Domestic Product (GDP) will be lower.
Bank of Canada Governor Tiff Macklem said on Friday that if population growth slows faster than assumed, the headline Gross Domestic Product will be lower. Key quotes Having returned to low inflation, Canada is in a better place to deal with new economic shocks. There's a fair amount of uncertainty on how quickly Canada 's new immigration curbs kick in, BOC will be watching.
Relatively high interest rates will usually result in a stronger Canadian Dollar and vice versa. Other tools used include quantitative easing and tightening. What is Quantitative Easing and how does it affect the Canadian Dollar? In extreme situations, the Bank of Canada can enact a policy tool called Quantitative Easing. QE is the process by which the BoC prints Canadian Dollars for the purpose of buying assets – usually government or corporate bonds – from financial institutions.
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