A strike by Canadian federal civil servants is one of the largest in the country’s history, and it may last long enough to put a dent in economic growth for…
More than 155,000 federal workers walked out on Wednesday in a wage dispute with Prime Minister Justin Trudeau’s government. They’re looking for pay increases of at least 13.5% over three years; the government has offered 9%. The sides have been negotiating since June 2021.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The Bank of Canada would look past the temporary growth hit, but it may be more worried about “potential spillover effects” of any pay settlement on other parts of the economy, Holt said Wednesday in his daily report to investors. “A very tight labor market risks seeing public-sector wage gains being copied in other parts of the public and private sectors and flowing through toward higher-for-longer core inflation.
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