Shorter - term yields in Canada are also forecast to increase in 2014 as a strengthening in economic growth,
tightening labour market conditions and accelerating wage growth fuel a steady, albeit slow, increase in inflation.
Not exact matches
With output growth likely to remain strong,
labour market conditions will probably
tighten further.
In addition,
labour market conditions have
tightened over recent months, as seen in the above - trend growth in employment in the December quarter, the fall in the unemployment rate and reports of
labour shortages and pressure on non-wage costs.
Inflation, in particular, is expected to pick up «consistent with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures.»
consistent with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures
Taken as a whole,
labour market conditions have begun to
tighten across the globe, and pressures are likely to become worse before they get better as businesses fight for the talent to support their growth plans.