reflected in Statistics Canada’s latest jobs report means the Bank of Canada will need to stay “vigilant” with its interest rate hikes in order to rein in inflation, one economist says.
“I think they need to ultimately be a bit more vigilant still than even the market is expecting,” Clark said in a Friday interview. She predicted a 50-basis-point hike on Dec. 7, and said she thinks the central bank will ultimately bring its central interest rate to about 4.75 per cent. Bank of Canada Governor Tiff Macklem has also said that the country’s low unemployment rate is contributing to inflation.
Boc were never diligent to Start with, reason why they lost hundreds of millions. Like wtf boc losing money!?
Statistics Canada is jerk, now they are saying right labor market and wait for couple months suddenly they will change statement about job loss, I never trust statistics canada, tight labour market in govt jobs only
Bank of Canada needs to go another 100bps before stopping their rate hikes?! That's nuts. Half of the country's mortgages could be under water. 25bps and they should be done.
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