Bank of Canada and Interest Rates Essay Example for Free

Bank of Canada and Interest Rates Essay The Bank of Canada has indicated that it has concerns over inflation being too low. (Parkinson). However, inflation has been rising and the Canadian economy has strengthened over the last several months. Keeping interest rates too low over a long period of time may have a tendency to over-inflate the economy and create asset bubbles while also creating pockets of greater debt, not dissimilar to those that contributed to the global economic collapse of 2008-2009. Although the Bank of Canada has iterated – and reiterated – its current neutrality with respect to interest rates, economists predict that current conditions may require the bank to move more quickly than it may like to bump the rates in the next several months. (Parkinson). Canada is currently facing a housing bubble like that which occurred in the United States, prior to the massive global downturn of 2008-2009. (Altstedter). Home prices have been steadily increasing along with the size of the debt that homeowners are taking on in order to afford the increase in housing prices. Earlier this year, the Bank’s governor, Stephen Poloz, had forward guidance language that cautioned that interest rate hikes could be in the offing removed from Bank of Canada’s policy statements. (Kawa). Since the removal of the language, inflation has begun to increase and the Canadian Dollar has weakened somewhat. This will contribute to further expansion of the housing bubble in Canada. In order to slow the growth of the housing bubble and prevent or delay its eventual bursting, the Bank of Canada will likely be forced to raise interest rates. Bank of Canada Will Not Alter Interest Rates One of the reasons Bank of Canada’s Governor Stephen Poloz removed forward guidance warning of the potential need to increase interest rates from the Bank’s policy statements was to highlight the neutral stance he and the Bank are embracing with respect to interest rates. (Kawa). Poloz said in a September statement that he feels that the global economy is â€Å"performing largely as expected† and that the housing industry in Canada was â€Å"stronger  than anticipated.† (Isfield). This month, Poloz stated that he feels that the upside and downside inflationary risks are, at this time, balanced and that, as such, there is no need alter interest rates in the foreseeable future assuming the status quo is not disrupted. (Parkinson). The Bank’s current neutral stance on interest rates, has now been reiterated and strengthened, to such an extent that it is possible, to â€Å"ultra-neutral.† (Isfeld). Because of Poloz’s ongoing statements with respect to interest rate neutrality, the bank’s removal of interest rate hike guidance from its policy statements, and the perception that the risks between and inflationary upside and an inflationary downside are perceived by Poloz and the board to be balanced, it is unlikely that interest rates will be changed in the next six to twelve months by the Bank of Canada. Works Cited Altstedter, Ari. â€Å"Housing Bubble Will Force Bank of Canada to Renew Rate Hike Warnings Soon, Pimco Says.† Financial Post. 1 Oct. 2014. Web. http://business.financialpost.com/2014/10/01/housing-bubble-will-force-bank-of-canada-to-renew-rate-hike-warnings-soon-pimco-says/ Isfeld, Gordon. â€Å"Bank of Canada’s Stephen Poloz Turns Ultra-Neutral On Interest Rates.† Financial Post. 3 Sep. 2014. Web. Kawa, Lucas. â€Å"Say Goodbye To Forward Guidance From The Bank Of Canada.† Business In Canada. 14 Oct. 2014. Web. Parkinson, David. â€Å"Bank of Canada Still Fears Low Inflation Despite Balanced Outlook.† The Globe And Mail. 3 Nov. 2014. Web.

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Consequently, California higher education has increased in student fees in order to gain the amount of the state budget. Larry Gordon, Gale Holland, and Mitchell Landsberg, authors of the article â€Å"The California Fix,† have pointed out that CSU system has raised student fees by a total of 32% and is commanding 24 furlough days for all employees, including college presidents in 2009. Indeed, the UC system has a reduced freshman enrollment by 6% and hiking undergraduate fees by 9.3%. Then, Governor Jerry Brown has fund higher education but not enough. Laurel Rosenhall, author of the article â€Å"After Massive Cuts,† has revealed in 2010, state funding for CSU went up by more than 11% over in 2009 while UC moved up by more than 12%. In 2011, Brown decided to intend cutting $500 million each from the University of California (UC) and California State University (CSU) systems and another $400 million from a California Community College (CCC). Brown also has plans to ra ise fees on community colleges from $26-$36 a unit which means a full-time student would actually pay $1,080 per school year in fall 2011 (Rosenhall). According to Investment Weekly News, May 17, 2012, the California Student Aid Commission will resist to proposed Cal Grant cuts and the rearrangement of the Cal Grant Entitlement Program. The proposal of Cal Grant cuts will reduce college opportunity for students. This will affect the greatest free funding at the UC and CSU when the Governor’s proposal to eliminate Cal Grant which low income students cannot afford the rising cost of higher education. Michele Siqueriro, commissioner of the Campaigns for College Opportunity, explains that Cal Grant students whose family incomes are $50,000 a year for a family of four would lose t... ...ion in funding. However, California is struggling due to the economy so CSU will have to look for ways to modernize and educate students in difficult finaincal times (Dulaney). Although our parents thought the higher education system is the key to success, the budget cuts is causing the state and people to save money in California. Conversely, students are concern about the reductions that will extend the time it takes to gruaduate in four years. Most likely higher tuition is distressing many students to pay their student loans. For example, Dior Sweeney, a senior at UC Berkeley, has works two jobs while going to school, but he believes when he graduate that he will owe more than 20,000 student loans. He also worries about paying his tuition, rent, transportation, and food because the economy is effecting him to think that he will not get a job with a B.A. (Chea 7).

Quantitative Techniques

Classification of Quantitative Techniques: There are different types of quantitative techniques. We can classify them into three categories. They are: 1. Mathematical Quantitative Techniques 2. Statistical Quantitative Techniques 3. Pprogramming Quantitative Techniques Mathematical Quantitative Techcniques: A technique in which quantitative data are used along with the principles of mathematics is known as mathematical quantitative techniques. Mathematical quantitative techniques involve: 1. Permutations and Combinations: Permutation mearns arrangement of objects in a definite order.The number of arrangements depends upon the total number of objects and the number of objects taken at a time for arrangement. The number of permutations or arrangements is calculated by using the following formula:=  Ã‚  Ã‚   n! n r ! Combination mearns selection or grouping objects without considering their order. The number of combinations is calculated by using the following formula:=  Ã‚  Ã‚   n! n r ! 2. Set Theory:Set theory is a modern mathematical device which solves various types of critical problems. Quantitative  Techniques  for  Business     Ã‚  5 School  of  Distance  Education 3. Matrix Algebra:

The Jewish Holocaust Essay - 1872 Words

The Jewish Holocaust could be, and is, widely accepted as one of the most brutal and damaging atrocities ever to occur in the history of humanity. The level of brutality brought on by this atrocity is to such a degree that whenever the word â€Å"Holocaust† is mentioned it is not the Greek origins of â€Å"offer burning† that comes to mind; but, instead, the thought that resonates is the death of approximately 6 million Jews and other minorities brought on by racial hatred, radical ideology, and established prejudice (p. vii). There is no question that a main goal, and often argued by historians as Hitler’s topmost priority, in order to create Third Reich, that would supposedly last 1,000 years, was to expel Europe of any Jewish presence. Nonetheless, similar to that of any large scale operation, an expulsion of Jews from Europe would take time and different phases to achieve efficiently and effectively. The Nazi program, according to Bergen’s ‘War a nd Genocide†, would attempt to accomplish this through five phases: support and encourage public oppression of Jews, isolation of Jews from the community, mass killings, and, lastly, the â€Å"Final Solution.† However, there was a small road block prior to beginning the expulsion of Jews from Europe; despite being a minority group, Jews still were large enough that their outright persecution would be met with some public scrutiny. Hitler, being the political leader he was, knew and acknowledged that public support was required in order to beginShow MoreRelatedThe Holocaust Of The Jewish Holocaust858 Words   |  4 PagesThe Jewish Holocaust is often described as the largest, most gruesome holocaust in history. It began in 1933 with the rise of Adolf Hitler and lasted nearly twelve years until the Nazi Party were defeated by the Allied powers in 1945. 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