Bank of Canada will Keep Cutting Rates into Falling Loonie- w/ guest Ben Rabidoux
The Loonie Hour
Economic Challenges and Labor Market Dynamics in Canada
This chapter explores the implications of recent rate cuts by the Bank of Canada amid inflation concerns and a struggling business sector. It delves into discrepancies in labor market statistics, particularly the hiring of temporary foreign workers and the resulting disconnection between reported jobs and actual employment availability. The discussion also covers the current state of the construction and rental markets, highlighting key trends and potential risks linked to government programs and economic conditions.
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