Within the context of falling oil prices and weakened international financial stability, it is possible that the Bank of Canada could decide to lower its overnight rate target to 25 basis points in the near future. It may then be faced with the necessity of providing monetary stimulus in an environment with a very low or even a negative overnight rate. Join this conversation to explore the appropriate use of quantitative easing to encourage spending and to stimulate the economy, without having to drive down interest rates.
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