Economic data still suggest strong pressure on prices: Wilfrid Laurier Univ. professor David Johnson
David Johnson, professor of economics at Wilfrid Laurier University, joins BNN Bloomberg to preview the Bank of Canada’s next interest rate decision. He says there was nothing obvious in the latest jobs report to suggest a weaker labour market, and that wage growth had only slowed marginally. He also notes that Canadian households without debt or with net assets are actually wealthier due to higher interest rates.