Weakening Job Market Was on BoC’s Mind as It Cut Interest Rates, Summary Suggests

Weakening Job Market Was on BoC’s Mind as It Cut Interest Rates, Summary Suggests
Governor of the Bank of Canada Tiff Macklem speaks during a news conference in Ottawa, on July 24, 2024. The Canadian Press/Justin Tang
The Canadian Press
Updated:
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The Bank of Canada wants the economy to pick up speed again and some members of its governing council are concerned that weak job market conditions could hinder that process.

That’s according to the central bank’s newly-released summary of deliberations detailing discussions ahead of the July 24 rate decision.