BOC’s Macklem Says Job Market Slack May Continue In Short Term
From forexlive.com
Reiterates hawkish bias Canada may reduce monetary stimulus assuming economy keeps growing Biggest labor market challenge in next 5 years will be finding enough workers, not jobs Persistent CAD strength is a reason businesses should invest in machinery USD/CAD edges to the downside but the market is skeptical that the BOC is serious about rate cuts while others are easing.
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