Bloomberg's Shelly Hagan on BOC Rates

The video discusses the Bank of Canada's decision to maintain its current monetary policy, including keeping interest rates at 25 basis points and continuing its quantitative easing program. Economists anticipated this decision and were looking for signs of future policy changes. The Bank noted the Canadian dollar's rise due to higher commodity prices and acknowledged the impact of lockdowns on economic growth. However, with rising vaccination rates, a strong economic rebound is expected in the latter half of the year.

What decision did the Bank of Canada make regarding its interest rates?

• Increase the rates

• Maintain the rates at 25 basis points

• Decrease the rates

• Eliminate the rates

What was the Bank of Canada's target for weekly bond purchases?

• $1 billion

• $2 billion

• $4 billion

• $3 billion

What were economists looking for in the Bank of Canada's report?

• A change in fiscal policy

• A new currency policy

• A reduction in bond purchases

• An increase in interest rates

What factor contributed to the Canadian dollar's rise?

• Lower interest rates

• Decreased inflation

• Higher commodity prices

• Increased government spending

What is the expected economic outlook for Canada in the second half of the year?

• A healthy economic rebound

• A stagnant economy

• A stable economic condition

• A decline in economic growth