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A new report by the Centre for Future Work found that growth in corporate profits this year compared to pre-pandemic has been concentrated in a small number of sectors where consumer prices have also risen the fastest. Report author and economist Jim Stanford analyzed the profits of the 52 business …
Read More »Alberta government to re-index AISH, seniors benefits to inflation
The Alberta government will re-index benefit payments to inflation for nearly 300,000 people, the minister of seniors, community and social services announced Wednesday. Minister Jeremy Nixon said he’s working to get Assured Income for the Severely Handicapped (AISH), income support benefits and seniors’ financial assistance unfrozen “as soon as possible,” …
Read More »Danielle Smith talks Ottawa. Albertans have health and inflation on their minds
EDITOR’S NOTE: CBC News and The Road Ahead commissioned this public opinion research in mid-October, starting six days after Danielle Smith won the leadership of the United Conservative Party. As with all polls, this one is a snapshot in time. This analysis is one in a series of articles to …
Read More »Supply chains are healing, so why is inflation still so high?
Supply chains are healing. Shipping costs have plummeted. Commodity prices have fallen sharply. The congestion that clogged the oceans has dissipated. But prices remain stubbornly high. U.S. Consumer Price Index numbers for September came in hotter than expected this week. “Despite a pullback in gasoline costs … price pressures showed …
Read More »How Alberta stacks up when it comes to helping people cope with inflation
Inflation has hit Albertans hard — food bank use is rising, seniors are accruing more debt, and affordable rentals are in scarce supply. That’s spurred the rollout of measures meant to help Albertans cope with high prices — including rebates on power and electricity bills, and hitting pause on the collection …
Read More »Liberals put inflation help, disability benefit at top of fall parliamentary agenda
The Liberals are signalling that their fall priority will be helping Canada’s most vulnerable as the House of Commons resumes sitting today. Many will be watching to see if sparks fly between Prime Minister Justin Trudeau and new Conservative Leader Pierre Poilievre. Those hoping for that first showdown will have …
Read More »Lots of sniping in UCP leadership race, but so few shots fired over inflation
Many would-be successors to Premier Jason Kenney have gamely taken aim at him this campaign, from his past approaches toward COVID and Ottawa to his occasional interventions as lame-duck United Conservative Party leader with weeks left to go in his power seat. So what kind of dust did Kenney kick …
Read More »Why it is so hard for the Bank of Canada to crush inflation
Those who think central bankers are powerful and manipulative might ask themselves why people like senior deputy governor Carolyn Rogers don’t just snap their fingers and make inflation go away. The Bank of Canada officials have declared they will be “resolute” in crushing inflation, squeezing it down to the bank’s …
Read More »Why it’s too soon to assume inflation and rate hikes are over
After some jumbo-sized interest rate hikes, there are likely a lot of Canadians who would like the Bank of Canada to just quit it already. Many in the real-estate business, some who want to lend you money or sell you investments, would be pleased if we all agreed that recent central bank rate hikes were …
Read More »Slowing inflation does not mean you get your spending power back
Investors in financial markets were ecstatic when the latest inflation data seemed to show that rising prices in the United States had peaked. While business journalists often imply that increasing share values are a universally good omen, it is not clear that many Canadian working people, especially those who don’t …
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