Tiff Macklem: Read his remarks on Canada's labour market
BNN Bloomberg
Inflation in Canada is being impacted by unsustainable low unemployment, according to Bank of Canada Governor Tiff Macklem. Read his full remarks on Canada's labour market.
Macklem made the remarks during a speech before the Public Policy Forum in Toronto on Thursday.
“The tightness in the labour market is a symptom of the general imbalance between demand and supply that is fuelling inflation and hurting all Canadians,” he said.
Canada added 108,000 jobs in October, while unemployment remained steady at 5.2 per cent.
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