Bank of Canada Governor Macklem expects to evidence that inflation is falling by spring

Bank of Canada Governor Macklem spoke earlier:

• BOCs Macklem: interest rate hikes have begun to work, but will take time to feed through

more now:

• says should see much clearer evidence next spring that inflation is moving down
• we are beginning to see some improvements in the balance in the labor market

For central bankers right now 'improvement' in the labour market means job losses and lower wages. They are not on your side.,