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Bank of Canada to Monitor Signs of Broader Job-Market Weakness

Bank of Canada to Monitor Signs of Broader Job-Market Weakness

OTTAWA—Bank of Canada officials are tracking labor-market conditions to determine whether job cuts in trade-exposed sectors like manufacturing start spreading in other parts of the economy, Gov. Tiff Macklem said Wednesday.
In the event that unfolds, it would signal trade uncertainty and higher tariffs are dampening demand, and may exert downward pressure on inflation, said Macklem, according to prepared remarks set for delivery at a board of trade luncheon in St. John's, Newfoundland.
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