“Over a longer time period — since the last quarter of 2019 — the average purchasing power of Canadian households rose by 21 per cent.”
bigjimbay on
As was the intention, I’m sure
abc_123_anyname on
How much fvcking money did they spend to come to this conclusion?🤦♂️
ThinkMidnight9549 on
Remember when Freeland said we’re wealthier than ever before? She wasn’t wrong. She just didn’t tell you this part…
Gunslinger7752 on
More great work by Captain Obvious University.
bimmerb0 on
You’ve been had folks,… your money was never under any of the shells 1,2or 3..the con men just took it
Former-Physics-1831 on
I mean, duh? It’s useful and necessary to have somebody objective like the PBO do the math to confirm this, but it also shouldn’t be news. We all knew this, and is almost certainly the same for almost every major economy
HonkinSriLankan on
TL;DR Rich people are insulated from inflation and actually increase their wealth during high inflationary periods and poor ppl get fucked.
Who ever would’ve guessed this??
Bulky_Permit_7584 on
I have recently moved to US from Toronto with roughly the same salary. It blew my mind how different the life standards have become and how much poorer I was in Canada. Taxes and wanton price gouging on all the services have killed the standard of living in Canada.
syrupmania5 on
The federal government bought 50% of newly issued mortgage bond to artificially depress inflation and artificially pump asset values.
The so called progressive coalition.
onegunzo on
What? Pierre right again? Go figure…
Hicalibre on
Do they not know what inflation is?
It is literally the cost of things rising…
Smooth_Doughnut on
No shdt Sherlock
That-Coconut-8726 on
You don’t say.
Pancit-Canton1265 on
Since we have so much equalization payment in Quebec, we dont really suffer in here
It is very detailed, and obviously says a lot more than just the title of the article, which some people in the comments seem to think that the whole report is.
kyleleblanc on
This is why we Bitcoin.
SmallMacBlaster on
CPI is not inflation. CPI underestimates (by a fuckton) how much food and housing has increased.
bdigital1796 on
WEF phrase coiners of you will own nothing and be happy: *M I S S I O N A C C O M P L I S H E D*
19 Comments
“Over a longer time period — since the last quarter of 2019 — the average purchasing power of Canadian households rose by 21 per cent.”
As was the intention, I’m sure
How much fvcking money did they spend to come to this conclusion?🤦♂️
Remember when Freeland said we’re wealthier than ever before? She wasn’t wrong. She just didn’t tell you this part…
More great work by Captain Obvious University.
You’ve been had folks,… your money was never under any of the shells 1,2or 3..the con men just took it
I mean, duh? It’s useful and necessary to have somebody objective like the PBO do the math to confirm this, but it also shouldn’t be news. We all knew this, and is almost certainly the same for almost every major economy
TL;DR Rich people are insulated from inflation and actually increase their wealth during high inflationary periods and poor ppl get fucked.
Who ever would’ve guessed this??
I have recently moved to US from Toronto with roughly the same salary. It blew my mind how different the life standards have become and how much poorer I was in Canada. Taxes and wanton price gouging on all the services have killed the standard of living in Canada.
The federal government bought 50% of newly issued mortgage bond to artificially depress inflation and artificially pump asset values.
The so called progressive coalition.
What? Pierre right again? Go figure…
Do they not know what inflation is?
It is literally the cost of things rising…
No shdt Sherlock
You don’t say.
Since we have so much equalization payment in Quebec, we dont really suffer in here
Here is a link to the full PBO report:
https://www.pbo-dpb.ca/en/publications/RP-2425-016-S–distributional-analysis-purchasing-power-canadian-households-since-2019–analyse-distributive-pouvoir-achat-menages-canadiens-depuis-2019
It is very detailed, and obviously says a lot more than just the title of the article, which some people in the comments seem to think that the whole report is.
This is why we Bitcoin.
CPI is not inflation. CPI underestimates (by a fuckton) how much food and housing has increased.
WEF phrase coiners of you will own nothing and be happy: *M I S S I O N A C C O M P L I S H E D*