Reported 11 months ago
Bank of Canada Governor Tiff Macklem anticipates a soft landing for Canada's economy with a slight increase in the unemployment rate without needing a significant spike to achieve the inflation target. Macklem stated that the labor market in Canada is moving towards balance, and although finding new jobs is becoming more challenging, the central bank is optimistic about cooling inflation without a substantial increase in unemployment. The speech indicates the Bank of Canada's confidence in the labor market's improvement and potential interest rate adjustments if inflation continues to ease.
Source: YAHOO