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Bank of Canada's Carney speaks in Ottawa
Below are key quotes from an appearance by Bank of Canada Governor Mark Carney and Senior Deputy Governor Tiff Macklem: CARNEY ON BUSINESS HIRING: "Our sense of surveys of businesses, is that they continue to intend to hire. So it's still a positive outlook for employment as a whole. That said, we have just under 20 percent of our unemployed who are long term unemployed. And the unemployment rate, while 'only 7 percent' relative to other economies, is still higher than we need. So the issue is one of mismatch, and you see it most directly in the skilled trades in Alberta." CARNEY ON DISCOUNT FOR CANADIAN OIL: "This ... (full story)
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