Why the Bank of Canada wants unemployment to rise

Yup, the government body overseeing the economy has been hoping for a while now that some of the low unemployment rates that have been driving up salaries and opportunities for workers will vanish. It's a key pillar of their plan to steer the country away from a recession. That, and higher interest rates. All good, right?

Right now a surprising amount of our economic future is being determined because, according to contemporary economic thought, things were going too well. So now we're paying for it, and hoping we don't end up paying even more. Here's how we got here, what the BoC hopes will happen, and what we can expect those forces to do to, you know, us.

GUEST: Jim Stanford, economist, director of the Centre for Future Work

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