In 2020, Bank of Canada raised the policy rate from 0.25% to 4.25%, which means   a. Bank of Canada tried to stimulate the economy.   b. Bank of Canada intervened in the foreign exchange market.   c. Bank of Canada shrank its balance sheet.   d. Canadian dollar should depreciate.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Give typing answer with explanation and conclusion 

In 2020, Bank of Canada raised the policy rate from 0.25% to 4.25%, which means

 

a. Bank of Canada tried to stimulate the economy.

 

b. Bank of Canada intervened in the foreign exchange market.

 

c. Bank of Canada shrank its balance sheet.

 

d. Canadian dollar should depreciate.

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