The governor's comments come after Statistics Canada's most recent labour force survey revealed the economy added 150,000 jobs last month as the unemployment rate hovers around record-lows.
That's despite the Bank of Canada aiming to slow the economy and cool inflation by hiking its key interest rate to 4.5 per cent, the highest its been since 2007. After announcing the central bank will temporarily pause interest rate hikes last month, Macklem once again stressed Thursday that he is ready to raise rates further if inflation proves to be sticky.
Headline inflation has fallen from its peak of 8.1 per cent seen in June to 6.3 per cent in December. Statistics Canada is scheduled to release January inflation data on Tuesday.
Raise the rates pal. Home prices are not dropping. 👍🏻
Honestly it really sounds like we all have to get fucked so he can get his books balanced. After 3 years of printing money, give away money to foreign entities, through the hands of another prick, now the prick says Canadians are paid too much & want to spend money. Unacceptable
I am so over the top sick of this guy. He will sacrifice Canadians well being and financial future for the sake of inflation. These are choices that make no sense to every day people. These choices are literally hurting those mose vulnerable
Disgusting man!
Just like we have regulation that you can not gouge prices, by making the stock limited, why not in the interest of public (which govt does not care about) apply same rule on everything, especially real estate. Make realtor rate a fix amount, instead of 3% of the sale.
I think he is waiting one of the major banks to windup from canada
Maybe look at corporations with record HIGH profit. You government allows corporation to abuse the price gauging war while blaming it on inflation. I guess it is hard to tell your friends Loblaws, Canadian Tire and etc to stop abusing Canadians.
Tiff you're a disgrace
Tiff should do the honorable thing and lead by example, if he thinks too many Canadians have jobs. An economic system that depends on having a sufficient number of desperate unemployed people isn't worth defending.
He doesn't know what he's doing.
He should have woken up long ago at 2.5% inflation which was his mandate. He let trudeau tell him what to do and now everyone is paying the price, everyone except trudeau, whose worth somehow magically quadrupled on a PM salary!!!
jagmeetsingh and JustinTrudeau broken Canada they are Communist and. Just Conservative can fix Canadian problem
Now do you lefties realize the level of corruption that’s going on?
Or maybe raising interest rates is not the answer! You one trick pony!
Guess they haven’t destroyed the economy enough.
Labour market about to crash
Tiff resign please. You failed Canada. Now you are making it 10 times worse.
In other words the Govt won't be happy until what's left of the working class is annihilated.
This guy is a dunce.
What should we do to Tiff if inflation does not stop in the next 6 months or year . He predicted by increasing interest rates it would stop inflation, has anyone felt it? People are still complaining with all the high costs of living. You are not God Tiff.
1 threat against 🇨🇦 family units is rising interest rates , not as the fake news wants you to believe is food prices …if you do not pay your mortgage your family is on the street..if you skip a meal you lose 2 pounds. Thinking trudeau freeland singh political careers are over.
It’s over heated because of the toilet roll phenomenon. Limit supply, demand goes up, public go into a frenzy, prices get driven up = profits go up. We’re being manipulated and exploited by the billionaires
'Overheated' and 'too tight' are adjectives that could describe TiffMacklem and bankofcanada too!
Another hike is coming! He said “overheated” what he really means is the elite are overheated as interest rates have to go higher so they can make more Money 💰
When Canadians see Tiff
Resign do us all a favor
Raise rates again. We need a few more increases.
Bo🇨🇦 via Trudeau Freeland Singh destroying 🇨🇦 families again after covid lockdowns forced injections. 🇨🇦home condo owners unable to pay monthly mortgages..with higher interest rates..kids are going hungry in 🇨🇦.prior times govts just inflated itself outta debt..vote them all out
Dont be a fool Tiff . Raise the rates a full 1 percent .
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