Canadian Labour Congress Responds to Bank of Canada Rates and Fall Session of Parliament

OTTAWA, ON — With Parliament’s fall session underway and the Bank of Canada set to announce its latest interest rate decision, Canadian Labour Congress (CLC) President Bea Bruske and Senior Economist DT Cochrane will address Canada’s state of the economy — marked by rising unemployment, stalled growth, and global trade instability — warning that cuts to public services and program spending will only deepen the crisis, and urging instead an urgent investment-led strategy to create good jobs, strengthen public services, and make life more affordable.

“Workers are already carrying the weight of high costs and job losses. The last thing Canadians need is more cuts. Austerity doesn’t build a future, it breaks it. The federal government must choose investment over cuts: affordable housing, universal pharmacare, child care, and good union jobs that give people hope.” —Bea Bruske, President, CLC

“A good economist should know you don’t cut your way out of a crisis. Yet that’s exactly what Carney’s government is doing. It’s time to stop pretending austerity works and start investing in workers and the communities that keep this country running.” —DT Cochrane, Senior Economist, CLC

WHAT: Press conference to respond to the Bank of Canada’s rate announcement and the federal
government’s economic approach

WHEN: Wednesday, September 17, 2025 at 11:30 AM ET

WHERE: Press Conference Room 135-B, West Block, Parliament Hill 

WHO: Bea Bruske, President, Canadian Labour Congress
             DT Cochrane, Senior Economist, Canadian Labour Congress

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To arrange an interview, please contact: 
CLC Media Relations 
media@clcctc.ca 
613-526-7426