Look at monetary policy and how it is a tool that the bank of Canada uses to influence the price level. You will consider how the AS-AD model relates to the conditions that required monetary policy to be enacted and how the monetary policy can influence the AS-AD model?

you will interpret a press release from the Bank of Canada.

Choose one from the links found here:

1.Bank of Canada lowers overnight rate target to percent.(https://www.bankofcanada.ca/2020/03/press-release-)

2.Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing.(https://www.bankofcanada.ca/2020/12/fad-press-release-2020-12-09/)

3.Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing.(https://www.bankofcanada.ca/2020/12/fad-press-release-2020-12-09)

4.Bank of Canada raises overnight rate target to 1 per cent.(https://www.bankofcanada.ca/2018/07/fad-press-release-2018-07-11)

5.Bank of Canada increases overnight rate target to 3/4 per cent.(https://www.bankofcanada.ca/2017/07/fad-press-release-2017-07-12)

Paraphrase the press release (what happened and when?), relate it to the AS-AD model and give some economic rationale for the Bank of Canada decision in the press release.