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Inflation

Women’s earnings lag behind high rates of inflation

Bumpy Ride #5: Women's salaries are failing to keep up with inflation—a look at the latest numbers

Low-wage workers are most exposed to spiralling costs

Bumpy Ride #3: Fall 2022 labour force data shows that pandemic-vulnerable sectors still have not recovered from COVID-19.

Ottawa is flush with cash but signals caution as recession looms

The federal government just released its latest fiscal update. CCPA senior economist David Macdonald has the details.

Pressure’s on Canada’s grocery giants

They’ve been enjoying excess profits throughout the pandemic.

Nova Scotia’s minimum wage workers deserve a real raise

The cost of living has gone up but the minimum wage hasn’t kept pace.

Dangerous liaisons: Canada’s toxic mix of interest rate hikes and private debt

The combination of rising interest rates and high private debt catapults Canada into the top third most dangerous economic periods since the Second World War. If the Bank of Canada hikes interest rates by 0.5% or more in September, we’d move into second place.

The devil’s crowbar: how the right weaponizes inflation

The brand of turbo-charged capitalism that we call “neoliberalism” arrived in North America on a rising tide of inflation.

The politics of inflation: The good, bad and the ugly

It has been a long, long time since Canadians had to worry about high inflation

Power, profit, and the politics of inflation

The Consumer Price Index (the major measure of inflation) rose 8.1 per cent in June compared to last year—the biggest jump in almost 40 years.

The great unaffordable North

Inflation is coupled with wildfires and loss of infrastructure to create an affordability problem unlike anywhere else in Canada

Inflation and the general ineffectiveness of monetary policy

There is no denying that inflation has become a major economic and political problem, reaching almost double digits in many industrialized countries. Canadians hear about it, and we certainly see it at the pumps and in the grocery stores, with many increasingly struggling to meet their weekly and monthly expenses. The fundamental question that we must ask now is what can our institutions do to bring inflation back down?

The financialization of rental housing in Canada

Canada is experiencing a permanent rental housing affordability crisis, which has only intensified since the COVID-19 pandemic began. At the same time, we’re seeing a greater consolidation of rental housing apartments by financial firms, accelerating the “financialization of rental housing,” a trend underway in Canada since the 1990s.

Cost of food at a crisis level

As we grapple with yet another wave of COVID, the parallel poverty crisis in Toronto has been exacerbated past its breaking point and will have enduring societal impacts.

Canada’s fight against inflation: Bank of Canada could induce a recession

History tells us that the Bank of Canada has a 0% success rate in fighting inflation by quickly raising interest rates. If a pilot told me that they’d only ever attempted a particular landing three times in the past 60 years with a 0% success rate, that’s not a plane I’d want to be on. Unfortunately, that looks likes the plane all Canadians are on now.

Non-viable businesses need an"off-ramp"

Throughout the pandemic, many small- and medium-sized businesses have weathered the storm, thanks to federal government help. In his deputation to Canada's federal Industry Committee, David Macdonald says it's time to give those businesses an "off-ramp".

Truth bomb: Corporate sector winning the economic recovery lottery; workers falling behind

This isn’t a workers’ wage-led recovery; in fact, inflation is eating into workers’ wages, diminishing their ability to recover from the pandemic recession. Corporate profits are capturing more economic growth than in any previous recession recovery period over the past 50 years.

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