A new surge of job action by Canadian employees may stand in the way of Bank of Canada governor Tiff Macklem’s plan to get inflation down to his two per cent target.
In the past week, more than 155,000 federal public servants in two unions have voted in support of strike mandates.
Speaking to reporters at Wednesday’s monetary policy press conference, where the Bank of Canada once again held interest rates steady at 4.5 per cent, Macklem reiterated his expectations that inflation would fall to three percent this year and roll back to two percent in 2024.
But some economists say that worker anger over their shrinking spending
