Question 1

In June 2024, the Bank of Canada announced a cut to its overnight lending rate. What was the new rate?

Accepted Answer

4.75%

Question 2

What was the annual inflation rate in Canada as of April 2026, according to recent reports?

Accepted Answer

2.8%

Question 3

According to a September 2025 report, how did Canada's tech talent growth in 2024 compare to that of the United States?

Accepted Answer

Canada's growth was significantly stronger than the US.

Question 4

What was the average exchange rate of the Canadian dollar to the US dollar in 2024?

Accepted Answer

US$0.73

Question 5

In 2024, how did Canada's total retail spending change compared to the previous year?

Accepted Answer

It increased by 3.0%.

Question 6

According to the Bank of Canada's October 2024 Monetary Policy Report, what was the projected GDP growth for Canada in 2024?

Accepted Answer

1.2%

Question 7

What was the primary driver for the widening of Canada's merchandise trade surplus in April 2026?

Accepted Answer

Higher energy prices

Question 8

In December 2024, what was the composite benchmark price for Canadian homes down by year-over-year, according to CREA data?

Accepted Answer

-0.2%

Question 9

What percentage of Canada's GDP did the ICT sector account for in 2024?

Accepted Answer

5.8%

Question 10

As of April 2026, what is the Bank of Canada's inflation-control target range?

Accepted Answer

1% to 3%

Question 11

What was the unemployment rate in Canada in October 2024, according to year-over-year data?

Accepted Answer

6.5%

Question 12

Which Canadian cities were identified as becoming stronger tech markets in a September 2025 report?

Accepted Answer

Toronto, Waterloo, Edmonton, and Calgary

Question 13

What was the average hourly wage growth in Canada for all employees from Q4 2023 to Q4 2024?

Accepted Answer

4.3%

Question 14

In 2024, what was the projected revenue growth for the software and computer services sub-sector of the ICT sector?

Accepted Answer

-1.9%

Question 15

What was the approximate average exchange rate of the Canadian dollar to the US dollar in December 2024, according to one report?

Accepted Answer

0.6915 USD

Question 16

In December 2024, what was the employment growth in Canada compared to 12 months earlier?

Accepted Answer

2.0% (413,000)

Question 17

Which of the following was NOT a reason cited for the slowdown in the Canadian housing market in late 2024?

Accepted Answer

Anticipated interest rate reductions

Question 18

What was the primary driver of the increase in Canada's annual inflation rate to 2.8% in April 2026?

Accepted Answer

Higher energy prices, particularly gasoline

Question 19

In 2024, what was the estimated median annual wage for a technology worker in Canada, in CAD?

Accepted Answer

$97,197

Question 20

What was Canada's merchandise trade surplus with the United States in April 2026?

Accepted Answer

$9.5 billion

Canada's 2024 Economic Landscape: Interest Rates, Inflation, and Tech Sector Surge

More Study Guide Study Sets