As the BoC takes a pause from hiking rates, all eyes are on the labour market - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

As the Bank of Canada takes a pause from raising interest rates to assess the effects of higher borrowing costs on the economy, economists will be paying close attention to how the labour market is affected.

More rate hikes may be needed: Former BoC OfficialBank of Canada raises interest rates to 4.

5% and plans to holdMacklem says government will make changes to deal with Bank of Canada lossesBank of Canada: Read the full statement on its interest rate hikeThe Daily Chase: Bank of Canada to release interest rate decision; Rogers-Shaw appeal dismissedEXCLUSIVE: RBC CEO expects 'modest recession' buoyed by strong consumer & liquidityThinking about doing a no-buy challenge? Here's what to considerDiscount grocers to outperform conventional stores as food prices surge:...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’d be surprised if it affects labour yet. Job growth’s been driven by Govt, and these are sticky jobs that crowd out the private sector. And at peak employment / business cycle, marginal productivity is usually lower, so job gains at this point are more inflationary.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing market experts see glimmer of hope in BOC rate hike pause - BNN BloombergHousing market experts said a forecasted pause to the Bank of Canada’s (BoC) monthslong interest rate tightening cycle offers some hope as the impact of consecutive rate hikes sink in deeper for homeowners and interested buyers.
Source: BNNBloomberg - 🏆 83. / 50 Read more »