Banking. Developments. The Bank of Canada (BoC) determines monetary policy for Canada. The Bank does not have periodic policy setting meetings. Instead, the council ... interest rates. Monetary conditions tighten when short-term rates increase or the Canadian dollar appreciates. ... However, interest rate changes are not used for the purposes of manipulating the exchange rate but to control inflation.
|Title||:||Business Environment:Test & Cases 2E|
|Publisher||:||Tata McGraw-Hill Education - 2008|