Effect of Monetary Policy of Canadian Economy
The monetary report of January 2016 brings to light the performance of the global economy and the effect to the Canadian economy. Shifting terms of trade dominated the economic outlook. While major central banks in the world continue expanding their monetary stimulus, the U.S Federal Reserve started withdrawing it. This shows an improvement of the labor market hence inflation rates will reach the two percent target. The global economy forecasts a decline in oil prices which over time would boost global activities in the economy. The report also showed that China is transitioning into sustainable growth.
Global low economic ...