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Okay, so what is the government doing about all of this? The **Canadian government** has a range of tools at its disposal to manage the economy. The government's actions can significantly influence the economic landscape. First off, they're using **fiscal policy**. This involves government spending and taxation. During times of economic weakness, the government might increase spending on infrastructure projects or offer tax cuts to stimulate the economy. This is what's known as expansionary fiscal policy. The goal is to boost demand and create jobs. But the government can also use contractionary fiscal policy, which involves cutting spending or increasing taxes. This can help to cool down an overheating economy and control inflation. The Bank of Canada, the nation's central bank, is responsible for **monetary policy**. Their main tool is setting interest rates. By raising interest rates, they can help to slow down inflation. Lowering interest rates can stimulate economic growth. The government is also involved in **trade policy**. Canada has trade agreements with many countries. These agreements can have a big impact on our economy. The government works to promote trade and investment, which can lead to economic growth and job creation. They are also focusing on **targeted support measures**. The government can offer financial assistance to specific industries or groups that are struggling. This could be in the form of loans, grants, or other programs. The goal is to provide support where it's needed most and to help businesses and individuals weather the economic storm.
* **(Insert Recent News Item 3):** (Provide a brief summary and link to the full story if available)
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