As the BoC takes a pause from hiking rates, all eyes are on the labour market - BNN Bloomberg

📆 1/26/2023 2:20 PM
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As the Bank of Canada takes a pause from raising interest rates to assess the effects of higher borrowing costs on the economy, economists will be paying close attention to how the labour market is affected.

More rate hikes may be needed: Former BoC OfficialBank of Canada raises interest rates to 4.

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I’d be surprised if it affects labour yet. Job growth’s been driven by Govt, and these are sticky jobs that crowd out the private sector. And at peak employment / business cycle, marginal productivity is usually lower, so job gains at this point are more inflationary.

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Housing market experts see glimmer of hope in BOC rate hike pause - BNN BloombergHousing market experts said a forecasted pause to the Bank of Canada’s (BoC) monthslong interest rate tightening cycle offers some hope as the impact of consecutive rate hikes sink in deeper for homeowners and interested buyers.
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