RBC economist Claire Fan says given the current labour environment, “wage gains might still accelerate.”
Canada's big banks are some of the companies announcing increases to employee pay in recent months. Canadian Imperial Bank of Commerce is one of the latest ones to do so. “Companies should have some buffer to withstand higher wages given extremely elevated consumer demand at the moment which is expected to continue to support business output, at least until the end of year,” she said.
She warns, however, that there will be significant negative effects on workers, like layoffs, if the Bank of Canada deflates the economy too much through interest rate hikes. With the U.S. Federal Reserve hiking its key interest rate by three quarters of a percentage point last Wednesday there is a sense among some economists that Canada's central bank could follow suit in July, while others expect another half percentage point.
More peoples gonna lose their jobs you mean
Not at the tire
Taxes pay raises for some
Ignoring performance and qualifications, most yt ones get the highest then progressively reduces by Canadian cast system with black and indigenous at the bottom.
Pay raises are not needed if income tax and other firms of taxes were reduced. No one seems to understand this.
What a joke. Not with are narcissistic dictator in Ottawa will make sure he keeps you poor and homeless and will like it
CEO took in 20 mill last year and yet the people working to get the company those profits got Jack shit the last 18 years stuck at top rate with a pidly yearly $450 bonus...this story is all BS we won't see jack
Yeah, and monkeys might fly out of my....
Recession incoming. Ain’t happening.
.. oh 🇨🇦
Poll: Is the Canadian system rigged to benefit big corporations? CompBureau
It boils down to 3 things: vaccination, vaccination, and vaccination. 100% of my research is conducted using government approved algorithm recommended content, so you know it's true. Thank you for agreeing with me, failure to agree with me will render you racist, and homophobic.
GOV instead of printing money mandate every employee needs to get a 10% raise if they make less than 100K
Poll: Is unemployment about to spike after a wage subsidy reduction? CdnChamberofCom OntarioCofC
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