that he orchestrated this year are doing their job by turning down the heat on an economy that the central bank thinks is growing too fast.
“With more modest spending growth, the demand for labour by businesses will ease, vacancies will decline, and the labour market will come into better balance,” Macklem said. “This will relieve price pressures.” Stephen Tapp, chief economist at the Canadian Chamber of Commerce, said the playbook may be shifting in the current economic environment. Tapp said whether these job vacancies could absorb the economic effects of higher rates or a market downturn was a key question for Canadian labour market dynamics moving forward.Article content
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Bank of Canada’s Tiff Macklem says overheating labour market must slow to fight inflation‘The tightness in the labour market is a symptom of the general imbalance between demand and supply that is fuelling inflation and hurting all Canadians.’ the BoC governor said in a speech Thursday ☝️That sounds like incomplete, ideologically biased, BS. I smell a Con. '...Tiff Macklem says unemployment needs to rise in order to slow down inflation...' cdnpoli yow topoli vanpoli yyz yvr yyj onpoli onted qcpoli yul nspoli yhx nbpoli nsed bcpoli bced ableg That’s what happen when right people wasn’t hired🤣 Charity Begins at home….. lets cut Tiff macklems pay cheque first…bankofcanada PierrePoilievre JustinTrudeau theJagmeetSingh
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Tiff Macklem says job market beginning to cool in fight against inflationBank of Canada governor said the labour market is cooling, a signal the central bank thinks its efforts to constrain inflation are working. Central banks will be instrumental in the restoration of debtors’ prison.
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