this post was submitted on 15 Aug 2023
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Is the Canadian inflation rate really back at 2.8% ? (self.canadapolitics)
submitted 2 years ago by kiwiheretic to c/canadapolitics
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As a foreigner who follows the Canadian news I saw on https://www.ctvnews.ca/business/economists-expect-rise-in-inflation-as-price-growth-fight-enters-new-phase-1.6517322 that the Canadian inflation rate is 2.8% which surprised me as in our country it is around 7%.

If so then how did Trudeau do it? How did he soak up all the money he printed during Covid?

Does that mean that housing and cost of living pressure has also been eased?

Would like to know your thoughts.

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[–] PaganDude 4 points 2 years ago* (last edited 2 years ago)

Who's getting raises to match costs though? I'm in construction and they're "desperate" for people, but haven't raised rates for years. We actually went through two rounds of pay rates reduced by 10% in 2016-17. I'm earning 20% less than a did a decade ago, and they're "desperate" for me to give them all sorts of freebies, while I barely get half time for hours. The economy is a mess.