Inflation's already cooling β deliberately tanking growth to squeeze out the last bit just throws Canadians out of work for a rounding error. Protect jobs.
Donβt cheer for a slowdown that wrecks paycheques. Inflation should be fought with targeted fixes, not by throwing workers into the fire.
Deciding whether to welcome a slowdown involves weighing the long-term benefits of stabilized prices against the immediate necessity of protecting jobs and livelihoods.
Inflation wrecks paychecks and savings for everyone. A short slowdown now beats letting prices run wild and crush the economy harder later.