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

  • 📰 financialpost
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 85%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Tiff Macklem says job market beginning to cool in fight against inflation StephHughes95

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 7. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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

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