Bank of Canada Governor Tiff Macklem highlighted Canada’s labor market flexibility, suggesting room for economic expansion and job creation as inflation trends downward. Despite challenges faced by younger workers and newcomers in securing employment, Macklem emphasized that significant increases in unemployment were unnecessary to achieve the 2% inflation target, describing this as a soft-landing scenario. He noted a moderation in wage growth concerns and refrained from specifying a timeline for potential further rate cuts, although markets anticipate additional easing measures.