According to Jinshi, Bank of Canada Governor Macklem reiterated that Canada's economy is heading for a soft landing, and he expects unemployment to rise, but it does not need to rise sharply to achieve inflation targets. Macklem said that Canada's labor market has eased and is "closer to balance." Macklem said that given the "further and continued easing" of core indicators in recent months, the central bank is "more confident" that inflation will move toward its 2% target. The speech shows that the Bank of Canada is increasingly confident that the country's labor market is loose enough to allow inflation to cool further, even though the economy is still growing and jobs are being added. Policymakers said it is reasonable to expect further interest rate cuts if price pressures continue to ease.