Overheated economy fuelling inflation, labour market too tight: Macklem - BNN Bloomberg

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Bank of Canada governor Tiff Macklem says the economy is still overheated and the labour market is too tight.

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The labour market is too tight because many thousands of boomers have left the workforce. The labour mkt will be tight for yrs.

This guy doesn’t know which way is up lol

Inflation will never come down to 2% just get used for higher interest rate, money printing business is over

How many times he lied, just couple days before he gave hint to pause on rate hikes, now after job report he changed his statement, don’t believe him

Would it help if he quit?

He lied before, why do we even care what he has to say? 'Stay assured the rates won't rise till 2023' 8 consecutive raises 😬

This is just another way of saying - High Debt Holding Slave Workers is the only economy they want to create and maintain - wages are unlivable to live of off, way too low and they know it and they like it that way !!!

Leave things along. Market will correct itself.

if anyone in this thread actually believes rate hikes stopped at the most recent……you are high!

Pro tip. Never, ever front run the Fed meetings or announcements. 🤦‍♂️ 1) Open calendar. 2) Follow closely. Bonus tip: stagger from ECB meets too, eh? 🇨🇦📉

Take a breath Tiff...it was only 3 weeks ago you said you'd see how the economy would react... appears he is second guessing himself. To early to make the call at to that, StatsCan data is showing very moderate wage increases, actually trending down slightly.

I fail to see how higher prices in staples has anything to do with an overheated economy.

Then they should get out of the way.

And despite his pleas the liberals keep spending.

Trudeau still has hundreds of thousands on government Covid welfare.

And annual interest costs to service the liberal debt are forecast to exceed $40 billion in the coming years. Its not like they had any warning. Did they?

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