Canadians getting desperate about higher food prices

Almost 24 per cent now cutting back on food purchases, almost 70 per cent of whom are women

Canadians getting desperate about higher food pricesWhile inflation is showing signs of dissipating, food inflation appears to be on a totally different path. Food inflation has outpaced our general inflation rate for over 12 months now. Statistics Canada just announced that the food inflation rate for retail was 10.8 per cent and 7.4 per cent in food service. Canada ranks third…

How to deal with the high cost of housing and energy

Both sectors face inflationary pressures but are being dealt with very differently

How to deal with the high cost of housing and energyAs anyone who has ever spent time in the kitchen knows, when a pot is boiling over, you do not put a lid on it. You lower the heat. Adding a cover does nothing to reduce the cause of all the excess bubbles and steam. In fact, increasing the pressure within the vessel generates an…

Putin’s War is the root cause of the cost of living crisis

The West won’t dig itself out of the crisis unless it decisively responds to Putin’s strategic aim

Putin’s War is the root cause of the cost of living crisisThe cost of living crisis is being misrepresented and mishandled by the political class. Misrepresented because only occasionally do politicians link the crisis to the Russia-Ukraine War and Putin’s use of hybrid warfare to destabilize the West; mishandled because, fundamentally, the solution lies not in economic measures but in ensuring first that Russia is defeated…

To fight inflation, we have to measure it better

The method StatsCan uses to measure inflation bears no relationship to the reality Canadians face

To fight inflation, we have to measure it betterBy Nathalie Elgrably-Lévy and Valentin Petkantchin For several months now, rising prices have dominated public consciousness and raised anxiety in most households. Not for decades has Statistics Canada’s monthly inflation rate indicator been awaited with such rapt attention. This indicator is much like a thermometer monitoring a patient’s fever while under observation. Related Stories Food…

Food inflation eases but some prices keep surging

Some trouble spots include dairy and bakery goods

Food inflation eases but some prices keep surgingStatistics Canada is reminding Canadians every month this year how painful their trips to the grocery store are. The retail inflation rate is at an astonishing 9.9 per cent, its highest point since 1981. And food inflation has exceeded the general rate since last December, which is why food prices are on everyone’s mind. Allegations…

Canada’s peak government is leading to reckless spending

Canadians must rediscover the need to link government spending with revenues

Canada’s peak government is leading to reckless spendingThe rapid expansion of government in Canada over the past decade produced an unintended experiment in the role of the state in our lives. The pandemic in particular liberated governments to expand programs, spending and interventions in a manner unprecedented outside of wartime. As Canadians get a front-row look at life in a society defined…

Expensive housing here to stay unless governments change policies

Governments must begin to address their own roles in keeping housing prices high

Expensive housing here to stay unless governments change policiesThe recent rise in interest rates has dampened demand for home sales in Canada. The hike, inevitable given how historically low rates have been, has taken some of the froth off housing prices. However, given how high home prices still are in Canada, a useful question to ask is what governments can do to reverse…

What’s really behind higher milk prices

The Canadian Dairy Commission is morally and ethically compromised. It needs to distance itself from the dairy sector immediately

What’s really behind higher milk pricesEvery year, the Canadian Dairy Commission (CDC), a branch of the federal government, hires external consultants to assess the cost of producing milk on the farm. The CDC has never released any data about costing and has recommended farm milk price increases most years, eventually impacting retail prices and Canadian families. Since February, dairy product…

Saudis turn their backs on Biden’s request for more oil

The prospects of a global economic slowdown are beginning to hit oil demand

Saudis turn their backs on Biden’s request for more oilThe much-awaited ministerial meeting of the Organization of Petroleum Exporting Countries and its allies, including Russia, in the expanded OPEC+, opted to increase its September output by just 100,000 barrels per day (bpd). Despite the urgings of U.S. President Joe Biden to open Saudi Arabia’s crude oil taps during his visit there, the announced output…

Not all Conservatives oppose the second carbon tax

But they should

Not all Conservatives oppose the second carbon taxWhen it comes to scrapping the Trudeau government’s carbon tax, the hardest decision Conservative leadership hopefuls have to make is whether they would scrap it before or after lunch on their first day if elected prime minister. The bigger question is whether a Conservative government would scrap the impending second carbon tax. All candidates are…

A looming chickpea shortage is on the way

Chickpeas are nutritional powerhouses for consumers who don’t necessarily opt for animal proteins

A looming chickpea shortage is on the waySince the start of the pandemic, we have heard about shortages countless times. Most sections of the grocery store have been hit by tightening supplies for one reason or another. But the latest headlines we are seeing are about chickpeas. Many analysts are expecting chickpea inventories to drop significantly in months to come. For westerners,…

Government liquor tax hike bender needs to end

It’s time to tell the federal government they’re cut off

Government liquor tax hike bender needs to endIf you thought the taxes you paid on your favourite case of beer or bottle of wine or liquor were high today, the Trudeau government is now saying, “Hold my beer!” Imagine hearing two bartenders whispering about running up your bill. That would probably lead to an animated conversation if not incite some sort of…

Bank of Canada doesn’t deserve its bonuses and pay raises

The Bank has one job: to keep inflation around two per cent. It failed

Bank of Canada doesn’t deserve its bonuses and pay raisesIt feels odd to explain this basic principle, but apparently, it’s not obvious to everyone: bonuses and pay raises are for doing a good job. While the Bank of Canada was sowing the seeds of today’s high inflation during the early days of the pandemic, it was also padding its employees’ pockets with bonuses and…

Light at the end of the food inflation tunnel?

Food inflation in Canada may have already peaked

Light at the end of the food inflation tunnel?Once again, the numbers coming out of Statistics Canada were discouraging. The food inflation rate in the country was 8.8 per cent in June, which is still higher than the general inflation rate. Everyone is affected by higher food prices. Americans learned last week that food inflation at the grocery store was 12.4 per cent,…

Summertime and inflation ain’t easy

Controlling inflation with interest rates can work, but at a terrible cost

Summertime and inflation ain’t easySummer heat isn’t the only thing making Canadians sweat this summer; abnormally high inflation and rising interest rates are putting the heat on many Canadians. We’ve gone from 0 per cent inflation in August 2020 to 8.1 per cent in June 2022. That’s really fast. The last time we saw anything like it was 1970-73…

Albertans’ double burden: inflation plus bracket creep

The government must follow through on its promise to re-index the tax system to inflation

Albertans’ double burden: inflation plus bracket creepIt’s been three years since the Alberta government implemented a “temporary” pause to the indexation of non-refundable income tax credits and tax bracket thresholds – a policy that has resulted in nearly $647 million in additional taxes being paid by Albertans between 2020 and 2022, according to a recent report by the University of Calgary’s…

Kenney’s last job for taxpayers: end bracket creep

Will cost each Albertan between $105 and $331, depending on income, by the end of the year

Kenney’s last job for taxpayers: end bracket creepAs Alberta Premier Jason Kenney gets ready to step away from the premier’s office, he should go out the way he came in: sticking up for taxpayers. To do that, Kenney needs to wash away the unsightly blemish on his tax-fighting record: bracket creep. Kenney started his career roughly three decades ago as the Canadian…

Higgs leaving New Brunswick taxpayers out in the cold

Why has the premier shied away from delivering tax relief?

Higgs leaving New Brunswick taxpayers out in the coldNew Brunswick Premier Blaine Higgs is leaving the middle class behind. Until this year’s cost of living crisis, Higgs was one of the best premiers in the country when it came to managing his province’s finances. Unlike any other province, Higgs managed to keep New Brunswick’s books balanced throughout the pandemic. Thanks to Higgs’ prudence,…

High gas prices hurting? That’s exactly what Trudeau wants

Hardworking Canadians are going to have to drag this government kicking and screaming to get any relief at the pumps

High gas prices hurting? That’s exactly what Trudeau wantsBy Franco Terrazzano and Kris Sims The Trudeau Liberals must be patting themselves on the back every time they pass a gas station; after all, these unaffordable pump prices are precisely what they want. Inflation hasn’t been this high since the Pierre Elliot Trudeau government back in the early 80s. Canadians are struggling to afford…

Economic growth coming close to a dead stop by end of 2022

And the Trudeau government has no convincing plan to address the problem

Economic growth coming close to a dead stop by end of 2022By Jock Finlayson and Ken Peacock The threshold has been crossed. Canada’s largest bank, RBC Financial Group, just published a report predicting that Canada will tip into recession in early 2023. RBC’s call is unusual. Anticipating recessions is notoriously difficult. And it is uncommon for analysts at any of the country’s large financial institutions to…

Has ‘greedflation’ driven up Canadian food prices?

Evidence of ‘greedflation’ is weak at best

Has ‘greedflation’ driven up Canadian food prices?By Sylvain Charlebois and Samantha Taylor Accusations of gouging in the food industry have reached an all-time high. According to a recent survey, 68 per cent of Canadians believe food corporations are taking advantage of the inflationary cycle to increase prices, and it’s not just in retail. Class-action lawsuits have been launched against the beef…

Hunker down Canadians. Economic storm clouds on Canada’s horizon

Supply chain problems, aging demographics and the push for net zero will drive up government spending

Hunker down Canadians. Economic storm clouds on Canada’s horizonThe era of low interest rates and inflation has ended, and now is the time for governments to show restraint. But recent precedent suggests that’s unlikely. Canadian year-over-year inflation hit 7.7 per cent in May, the highest in nearly 40 years, and I predict it will go still higher. Ten years ago, Parliamentary Budget Officer…

Does the decline in oil prices signal a coming global recession?

The driver of this bearish sentiment is an overly hawkish response by the Federal Reserve

Does the decline in oil prices signal a coming global recession?Last week, the crude oil markets saw one of the most significant single-day price declines in history. Have the bulls retreated – perhaps for good? Tuesday’s oil price collapse could go down as one of the most memorable moments of the oil market’s tumultuous year, said Josh Owens in his piece for Oilprice.com. Although oil…

Tear down these walls, premiers!

We need to get serious about freeing up interprovincial trade once and for all

Tear down these walls, premiers!July 1st marked five years since the coming into force of the Canadian Free Trade Agreement (CFTA), whose goal (its website tells us) is to “establish an open, efficient, and stable domestic market” in Canada. Has there been any progress in the half-decade since then in reducing and eliminating barriers to interprovincial free trade? According…

Canadians desperately need help to combat food inflation

Unfortunately, the Trudeau government is the consumer’s worst enemy right now

Canadians desperately need help to combat food inflationIt wasn’t a good week if you’re a consumer on a tight budget – and that means most of us. Consumers are under attack. We’ve just learned that Canada’s food inflation rate was at a record 9.7 per cent in May. Everyone is noticing higher food prices and no section of the grocery store is…

And the winner is: more stories of government waste

Canada is more than $1 trillion in debt. Maybe it’s time to stop wasting taxpayers’ money

And the winner is: more stories of government wasteBy Franco Terrazzano and Kris Sims How do you scare a polar bear? You don’t. They are apex predators and could eat you whenever they want. But that didn’t stop the government of Manitoba from spending $150,000 replacing diesel tundra buggies with whisper-quiet electric vehicles so tourists wouldn’t frighten the bears away. Too bad they…

High and hidden taxes driving up the pump price

It's time our politicians did what's right and cut taxes to help Canadians afford their daily needs

High and hidden taxes driving up the pump priceAs far as Canadian politicians are concerned, the soaring cost of living is like winter slush, summer mosquitos and other unfortunate forces of nature. They would love to help, but what can they do? Here’s an idea: our politicians just need to follow the lead of other countries and cut the stack of hidden taxes…

Why Sobeys had to dump Air Miles

The food we buy is always changing, so keeping customers engaged with brands is challenging

Why Sobeys had to dump Air MilesSobeys recently decided to dump Air Miles and start its own loyalty program. Empire Co. Ltd., Sobeys’ parent company, is joining the Bank of Nova Scotia and Cineplex as co-owners of the Scene+ program. This move by Sobeys is no coincidence. As we brace for higher food prices and cope with a post-COVID-19 workforce still…

How to wean Indigenous communities off diesel

The Trudeau government is completely overlooking LNG as a solution

How to wean Indigenous communities off dieselCanada is missing out on an opportunity to help Indigenous communities access a cheaper and more reliable form of clean energy in a zealous pursuit of certain renewable energy sources. In its recent climate plan, the federal government committed to reducing the reliance of remote communities on diesel fuel. Many First Nation, Métis and Inuit…

Canada’s richest companies riding the inflation gravy train

Some corporations are doing better than ever while Canadians struggle with skyrocketing cost of living. Let’s tax them

Canada’s richest companies riding the inflation gravy trainInflation in Canada is the highest it’s been since the 1990s, but the reason behind the rising cost of living is different this time and rich corporations are part of the story. Canada hit a new all-time high in corporate profits between October and December last year – $139 billion in pre-tax profits, to be…
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