Part 7/9:
As unloading job growth in Canada continues, a forthcoming Bank of Canada decision to further reduce interest rates is anticipated. This follows the acknowledgment from Bank of Montreal Chief Economist Douglas Porter regarding the necessity of a faster rate cut, as the jobless rate presents a clear signal of economic distress. The need for a central bank response echoes similar sentiments expressed in the United States, where stagnant hiring and economic weakness compel reactions in monetary policy.