BoC Macklem: We need to rebalance demand and supply in labor market

BoC Governor Tiff Macklem said in a speech, “to restore price stability, we need to rebalance demand and supply in the labour market to relieve price pressures. “Monetary policy affects demand. By raising interest rates, we are moderating spending, and that will reduce the demand for workers,” he said. “The other way to rebalance supply […]

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