Comments on: Canada’s Sky-High Inflation To Force The Economy To Slow This Summer: RBC https://betterdwelling.com/canadas-sky-high-inflation-to-force-the-economy-to-slow-this-summer-rbc/ Canada’s Fastest Growing Real Estate News Source Mon, 27 Jun 2022 18:22:39 +0000 hourly 1 By: Ron Bruce https://betterdwelling.com/canadas-sky-high-inflation-to-force-the-economy-to-slow-this-summer-rbc/#comment-84010 Mon, 27 Jun 2022 18:22:39 +0000 https://betterdwelling.com/?p=21056#comment-84010 “Alberta’s oil production is up 3% year-to-date, providing a windfall for the region (and budgets)”. And another hole in the climate change wall. Energy costs are heading into the stratosphere, and we’re still cheering and funding the fossil fuel industry, where no operator will fund an environmental clean-up. Canadian taxpayers are on the hook for generations to come for personal health and the environment. Sending delegates to COP27 will waste time, as we’ve already lost the race.

]]> By: Trader Jim https://betterdwelling.com/canadas-sky-high-inflation-to-force-the-economy-to-slow-this-summer-rbc/#comment-84007 Mon, 27 Jun 2022 16:41:51 +0000 https://betterdwelling.com/?p=21056#comment-84007 In reply to Fazid.

Not really. CPI is correct, but CPI isn’t your cost of living. It reflects virtually no one’s cost of living.

A more important question is what’s the purpose of CPI if it wasn’t used to control interest rates and doesn’t reflect anyone’s cost of living.

]]> By: Fazid https://betterdwelling.com/canadas-sky-high-inflation-to-force-the-economy-to-slow-this-summer-rbc/#comment-84006 Mon, 27 Jun 2022 16:40:28 +0000 https://betterdwelling.com/?p=21056#comment-84006 7.7% is a joke. It’s more like 20%, but CPI is perpetually adjusted to minimize CPI gains.

]]> By: Mortgage Guy https://betterdwelling.com/canadas-sky-high-inflation-to-force-the-economy-to-slow-this-summer-rbc/#comment-84005 Mon, 27 Jun 2022 16:30:40 +0000 https://betterdwelling.com/?p=21056#comment-84005 virtually no employer can keep up with inflation at this level. I believe Ontario is giving teachers and nurses something like 1.5% inflation hikes, so reduce their purchasing power by 5%+

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