BoC Gov. Macklem says job losses are likely to increase in the months ahead<p>Bank of Canada Governor Macklem comments on CBC News. The BoC have been in rate hike mode to combat rising inflation. there will be a toll on jobs admits Macklem. </p><ul><li>
Layoffs are likely to increase in the coming months</li><li>Says the labour
market is very tight</li><li>Says Canadians
should expect even more rate hikes to come on top of six that have
already happened this year</li><li>We think growth is
going to be close to zero for the next few quarters, until about the middle of next year</li><li>A mild recession may
be the price the bank is willing to pay to bring down inflation</li><li>Monetary policy
works</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source: BoC Gov. Macklem says job losses are likely to increase in the months ahead (https://forexlive.com/centralbank/boc-gov-macklem-says-job-losses-are-likely-to-increase-in-the-months-ahead-20221110/https://forexlive.com/centralbank/boc-gov-macklem-says-job-losses-are-likely-to-increase-in-the-months-ahead-20221110/)
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