-- Bank of Canada Governor Tiff Macklem reiterated that the country’s economy is headed for a soft landing, saying he expects the unemployment rate to rise but that a large increase isn’t needed to achieve the inflation target.BuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones’On Monday, Macklem said Canada’s unemployment rate — which hit 6.
Macklem said that while the bank sees sticky wage growth above pre-pandemic levels, the rebalancing of the labor market and lower inflation is starting to moderate compensation pressures. Macklem also said that the labor market “overheated” after what the bank called “exceptional” fiscal and monetary policy responses. That drove up job vacancies, a big reason the federal government ramped up the number of newcomers brought into the country.
In June, the Bank of Canada was the first Group of Seven central bank to start cutting interest rates, lowering its policy rate to 4.75%. The bank next sets rates on July 24.Eric Trump's 'Unvarnished' Claim About Dad Gets Brutal Instant Fact Check“You come on my show, you respect my colleagues. Period,” Hunt later wrote on social media about literally silencing Karoline Leavitt on “This Morning.
Diehl Metal's parent company makes the IRIS-T anti-air system given to Ukraine, but the factory hit makes parts for cars and electrical systems.Jason Selvig of The Good Liars said he had never seen this before at one of the former president's rallies.The longtime GOP strategist pointed to a shift that's taken place over the past few weeks — and predicted what will happen next.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »