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Kevin Carmichael: The Bank of Canada wants to see a weaker labour market, but so far it's not happening

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Canada's jobs beat signals higher interest rates for longer — and hikes still on the table CarmichaelKevin

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The unemployment rate was five per cent for the fifth consecutive month, near a record low and a level that many economists associate with “full employment,” a theoretical condition where everyone who wants a job can get one.

 

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