Suppose you are the governor of the Bank of Canada, and the economy is experiencing a recession, what changes in (a) open market operation and (b) overnight loan rate and bank rate would you consider?...

Suppose you are the governor of the Bank of Canada, and the economy is experiencing a recession, what changes in (a) open market operation and (b) overnight loan rate and bank rate would you consider? Explain in each case how the change you advocate would affect chartered bank cash reserves and influence the money supply.