In its latest monetary policy report, the Bank of Canada said it expects the full effects of rate hikes on the labour market to play out over a longer period.
Labour groups have voiced concerns about the Bank of Canada’s rate hikes in recent months, with Unifor president Lana Payne previously accusing the central bank of waging war on the working class. On Thursday, Statistics Canada reported the number of job vacancies fell by 2.4 per cent in November to their lowest level since August 2021.
To be credible the “labour market” should exclude government jobs.
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As the BoC takes a pause from hiking rates, all eyes are on the labour marketAs 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. Dsddy trudeau is scared of the polls and demanded they dont doit.... Take a pause till next month LOL. Rate should have been 5%+ by now. This alone is not helping. The economic situation is worse this January. Governments need to take fast action.
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BoC hikes key interest rate by quarter of percentage pointOTTAWA — The Bank of Canada is raising its key interest rate by a quarter of a percentage point, bringing it to 4.5 per cent.
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More rate hikes may be needed: Former BoC Official - BNN BloombergOne former Canadian central banker said interest rates may need to go even higher after the Bank of Canada on Wednesday moved rates to its highest level in 15 years while signalling a potential pause ahead.
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Instant reaction: What the Street is saying about the BoC rate hikeCredit markets now pricing in at least one 25 basis point cut by the end of this year Judges, lawyers and cops are proof that there is no rule of law in Canada. They do things that would put normal people in jail or have consequences. Local media has ignored this problem ruthlessly and helped these bad actors stay hidden. For example:
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Poilievre comments on BoC rate hikeConservative Leader Pierre Poilievre blamed government policies for driving up interest rates and shares how he would improve affordability. Radical lefties will bring up a Bitcoin comment while they eat rice and beans for dinner in their parents basement. And the worst of what their puppet master has done to our society has just begun. Lol. Bitcoin. Nice. Easy to say than doing it. We have seen leaders before you following the same path , which is blaming everything. Let's see what the people say at the elections. We have seen Doug Ford in Ontario who contested with hidden agendas like green belts, private health care, pay caps... Pretty much everything he suggests is inflationary in some way. In short it would increase the inflation rate.
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