They read the economic indicators. True False 1. The Bank Rate influences the interest rates major financial institutions charge and pay their customers 2. A fiscal deficit is when the government receives more revenue than it spends over the course of the year.
Inflation is a rise in the average level of prices in the economy.
The unemployment rate is the percentage of the labour force that is not employed but currently seeking work. When GDP grows, it's a good thing. When inflation rises, it's a good thing. GDP stands for General Domestic Product 8. Decreases in the Bank of Canada Rate usually means the Bank wants economic activity to increase.