Since Canadian economy is suffering a slowdown due to COVID 19 pandemic,Bank of Canada(BOC)should intervene in the market to manipulate the exchange rate to boost the economy's exports. Canada is also the largest exporter for US and exports have been impacted as well.Based on the given information, how BOC can directly and indirectly intervene in the market to change the exchange rate.

Answer rating: 100% (QA)

The Bank of Canada BOC has several tools at its disposal to directly and indirectly influence the exchange rate with varying degrees of effectiveness ... View the full answer