RBC economist Claire Fan says given the current labour environment, "wage gains might still accelerate."
Canada's big banks are some of the companies announcing increases to employee pay in recent months. Canadian Imperial Bank of Commerce is one of the latest ones to do so. "Companies should have some buffer to withstand higher wages given extremely elevated consumer demand at the moment which is expected to continue to support business output, at least until the end of year," she said.
She warns, however, that there will be significant negative effects on workers, like layoffs, if the Bank of Canada deflates the economy too much through interest rate hikes. With the U.S. Federal Reserve hiking its key interest rate by three quarters of a percentage point last Wednesday there is a sense among some economists that Canada's central bank could follow suit in July, while others expect another half percentage point.
Raises for who
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »