Bank of Canada governor Tiff Macklem says inflation may be around longer than anticipated.
“I think transitory to economists, means sort of not permanent,” said Macklem in an interview with CTV’s Question Period with Evan Solomon, airing Sunday. “I think to a lot of people, transitory means it’s going to be over quickly and maybe I don’t know exactly what the right word is, but it’s probably something like you know, transitory but not short-lived.”
Canada’s economic growth unexpectedly faltered at the end of the third quarter, casting doubts on the strength of the nation’s recovery.
Another measure of inflation has hit a 30-year high as some say White House policies continue to hurt the economy.
Late to figure out what was obvious to many Canadians, the Bank of Canada increasingly appears to be both out-of-touch and ideological.
According to supply chain experts, the bright side of the current breakdown in the exchange of labour, components and ingredients is that it comes as a warning to Canadian businesses to become more supply-resilient.
Supply chains are complicated. But if you’re wondering why everything you want to buy seems to be stuck in a global traffic jam these days, the answer is relatively simple, says Karen Kancens, vice president of the Shipping Federation of Canada.
The Indeed.com and WorkBC job postings state “pay per hour will be $25 for 40 hours per week. No experience or education is required, and training will be provided to the eligible candidates.”
Canada’s inflation rate rose to a new 18-year high of 4.4 per cent in September, with higher prices for transportation, shelter and food contributing the most to the jump in the cost of living.
No matter how much politicians or some of the public may want to avoid it, reality cannot be evaded indefinitely.
If rich Americans and large corporations foot the bill, does a tax plan really cost “zero dollars” to the average American?
Recent comments suggest the Democratic Party believes this to be the case.
In promoting the forthcoming $3.5 trillion, 2,465-page “Build Back Better” bill, President Joe Biden, House Speaker Nancy Pelosi and other Washington Democrats have forwarded claims that the bill — because it is paid for by the wealthy and large corporations — comes at “zero” cost to Americans.
h/t Marvin
Housing has been a hot topic in the campaign for Canada’s 44th parliament.
Every major party platform offers proposals for reining in what has become a nationwide affordability crisis. However, experts say the most effective potential solutions have either received scant attention from the federal platforms, or have failed to be included at all.
Prime Minister Justin Trudeau’s election campaign promise to raise taxes on Canada’s biggest banks could backfire and make home purchases less affordable, undercutting his goal of helping buyers in one of the world’s hottest markets, according to an analysis from Bloomberg Intelligence.
Liberal Leader Justin Trudeau said today a re-elected government led by him would raise the corporate taxes paid by Canada’s “largest and most profitable” financial services firms to help pay for his promised multi-billion dollar housing program.
