Not our grandparents’ recession: changing labour market means feds and central bank should reconsider priorities as employment remains strong

Conservative finance critic Jasraj Singh Hallan says the Liberals must cut government spending and invest in the energy sector, noting supports such as the rental subsidy are ‘vaporized’ by inflation.

As Bank of Canada Governor Tiff Macklem prepares to issue the central bank's next interest rate announcement on Jan. 25, observers say a changing labour market should remain top-of-mind for policy-makers.The Hill Times Photograph by Andrew Meade

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BY IAN CAMPBELL

January 16, 2023

A changing labour market means that even if growth slows in 2023, it will not be like “our grandparents’ and our parents’ recessions,” and both the central bank and federal government should take this into account as they navigate historically unfamiliar fiscal water...

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