Canadian economy may have more slack than headline figures suggest, says senior deputy
Measures of labour market slack show ‘greater unused capacity'
The Bank of Canada's (BoC) measures of labour market slack show greater unused capacity than headline indicators, senior deputy governor Carolyn Wilkins said yesterday in a speech in Ottawa.
"Understanding the degree of slack in the economy helps us avoid making policy decisions that could trigger inflationary or disinflationary pressures," Wilkins told members of the Ottawa Economics Association.
As a net exporter of energy, Canada is now feeling the negative effects of the oil-price shock
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