Using the Statistics Canada CANSIM database, obtain data on the M2++ (gross) money supply and the 10-year Canada bond rate from January 2000 to June 2021. Add the two series into a single graph. Transform the M2++ money supply variable into the M2++ growth rate by adjusting the units for the M2++ money supply to “Percent Change from Year Ago.” Explain how the growth rate of the M2++ money supply and the 10-year Canada bond rate behaved during recessions since the year 2000. In addition, do you observe a stable relationship between money growth and the 10-year interest rate since the year 2000?

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