9
Canada Unemployment Rate Nudges Up to 5.2% in May
(www.marketwatch.com)
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this post was submitted on 09 Jun 2023
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Is that enough people out of work for the Bank of Canada to stop trying to bankrupt mortgage paying Canadians?
Meanwhile the federal government is worried about population demographics and spurring immigration in response.
A nice game of tug of war. Inflation will be with us for a while...
With the way the 3 levels of government are structured, federal, provincial and municipal, along with independent agencies like the BoC, is it really surprising that we get disjointed, misaligned policies? On the other hand, we know that centralizing and streamlining the chain of command can lead to too efficient policy making that can efficiently introduce bad policy... π