The Bank of Canada does more than just monitor inflation to make interest rate decisions. It helps oversee the financial system, manage the Government of Canada’s foreign exchange reserves, supervises payment providers and picks what goes on our dollar bills. It’s even researching digital currencies.
In this interview with Carolyn Kwan of Connor, Clark & Lunn, we discuss Canada’s interest rate outlook in 2024 and many of the other things the Bank of Canada does to support the Canadian economy. She also provides insights on how Canadians can use the Bank’s resources in their lives.
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🔹 Video Chapters 🔹
0:00 Introduction
1:10 Bank of Canada’s Responsibilities
3:14 How interest rates impact the economy
6:50 The Bank’s goals
9:47 Why its independence is important
12:45 How do investors use the Bank of Canada?
14:30 Interest rate outlook
16:30 How should Canadians use the Bank of Canada?
18:09 Finding lost bank accounts

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