Tiff Macklem says job market beginning to cool in fight against inflation

that he orchestrated this year are doing their job by turning down the heat on an economy that central bank thinks is growing too fast.

“With more modest spending growth, the demand for labour by businesses will ease, vacancies will decline, and the labour market will come into better balance,” Macklem said. “This will relieve price pressures.” Stephen Tapp, chief economist at the Canadian Chamber of Commerce, said the playbook may be shifting in the current economic environment. Tapp said whether these job vacancies could absorb the economic effects of higher rates or a market downturn was a key question for Canadian labour market dynamics moving forward.Article content

StephHughes95 He also said inflation is due to 'domestic' factors, maybe you missed that part.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bank of Canada interest rate hike adds pressure to tight rental marketPrices for rentals \u0027getting out of control\u0027 even as housing market
Fuente: nationalpost - 🏆 10. / 80 Leer más »

Bank of Canada interest rate hike adds pressure to tight rental marketPrices for rentals \u0027getting out of control\u0027 even as housing market
Fuente: financialpost - 🏆 7. / 85 Leer más »