It’s hard to build a case for inflation in Canada when you can’t see any wage pressure. And it’s hard to see wage pressure when your job-market recovery has come off the rails.
Off the rails and into the headlines, in fact: Manufacturing giant Bombardier Inc. on Tuesday announced layoffs of 1,700 workers in its aerospace division. A week ago, Sears Canada Inc. said it would cut 1,628 jobs. Last month, it was Potash Corp. of Saskatchewan Inc. cutting 1,000 jobs.