Evening Update: Bank of Canada’s Tiff Macklem says overheating labour market must cool to fight inflation

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Also: Ukrainian troops push into Kherson after Russian withdrawal; Republicans move closer to House majority

Kenney would not have opposed use of Emergencies Act:with the use of the Emergencies Act if it was needed, but stressed there were other ways to reduce tensions over protests against COVID-19 restrictions, according to new documents.as interest costs surged and deal activity slowed, but the company continued to raise funds at a record pace and is flush with cash to pursue new investments as the likelihood of a recession rises.

could throw another wrench into operations. Despite efforts to hire more workers, as few as one in three recent hires are still on the job in some regions, unions say.In his first e-mail to Twitter employees, new owner Elon Musk said and that they would be expected in the office for at least 40 hours per week, Bloomberg News reported.over Italy at the Billie Jean King Cup in Glasgow. The results set up a showdown with fifth-ranked Switzerland tomorrow.. The S&P/TSX composite index was up 3.34 per cent at 19,990.36.

On Wall Street, the S&P 500 and Nasdaq racked up their biggest daily percentage gains in over 2 years, as a sign of slowing inflation in October sparked speculation the Federal Reserve might get less aggressive with interest rate hikes. The S&P 500 gained 5.48 per cent to end at 3,954.10 points, while the Nasdaq Composite gained 7.2p per cent to 11,107.66. The Dow Jones Industrial Average rose 3.64 per cent to 33,696.52.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let's start with Tiff losing his job.

The real reason for inflation is the bank creating a bunch of new $$ out of thin air

Easier pill to take if this guy didn’t come across as out of touch with the average person. Seriously, people losing jobs, housing, lacking med help and it is for their own good? Basically your loss now will save everyone else later. Gee, Thanks (not)!

so we need more uneploymwnt? so ppl can go to foodbanks?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines