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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. “If inflation gets stuck and doesn’t come all the way back to the two per cent target, we are fully prepared to increase interest rates further,” Macklem said.
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Bank of Canada's Macklem says economy still overheated and jobs market is too tightAs the Bank of Canada monitors the economy\u0027s response to higher interest rates, governor Tiff Macklem says it is still overheated. A very rich man, whose daddy made him so, is very upset that there are too many low paying jobs. He wants more people unemployed. And we act like this man isn't evil? Is this statement trying to justify immigration explosion. Maybe because stay-at-home parents had to get a job to make ends meet. Others are picking up 2nd or 3rd jobs to keep up with inflation.
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Bank of Canada's Macklem says economy still overheated and jobs market is too tightAs the Bank of Canada monitors the economy\u0027s response to higher interest rates, governor Tiff Macklem says it is still overheated.
Source: calgarysun - 🏆 63. / 52 Read more »