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Bank of Canada’s Macklem says low unemployment rate unsustainable,’ WSJ says

Governor Tiff Macklem of the Bank of Canada wants the country’s interest rate policies to weigh on the near record low unemployment rate, reports the Wall Street Journal’s Paul Vieira. "We need to rebalance the labor market. This will be a difficult adjustment,"said Macklem in remarks made Thursday. According to the WSJ, Macklem’s "remarks suggest" that the pace of rate hike will impact the labor market, noted the Wall Street Journal. Canadian companies that may be impacted include: Royal Bank of Canada (RY), Toronto-Dominion (TD), Canadian National (CNI) and BCE (BCE). Reference Link

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