Inflation adds to rate woes
The unemployment rate has declined to 3.8%, its lowest level since 1990, following the end of the global financial crisis and in what has been a strong turnaround for the Canadian economy. And with the economy expected to grow slowly this year as a result of low interest rates, there isn’t much of an inflation concern — even among those without a mortgage.
But with inflation on pace to exceed 1% this year, that is still far too high.
A recent report issued by the Bank of Canada, titled “Canadians Spend More Than Ever on Food and Related Supplies,” found that “food prices soared in April as consumers rushed to buy up their favourite staples,” in addition to grocery pur솔레어 카지노chases. That inflation factor of 10.2% is a level that has historically been reached only once every nine years — as late as the 1970s.
In fact, the central bank has been forced to announce plans to cool the economy during a recent speech, when it lowered its expectations for inflation to 0.7% by the end of 2017.
On Wednesday, the head of the Canadian dollar’s major trading partner, the Swiss franc, warned that the loonie could tank at a time when Canada’s manufacturing and service industries need to grow fastest, so there might be a need to sell even more imported goods to get ahead.
The United States — Canada’s biggest trading partner — might be particularly well-positioned as President Donald Trump takes office.
The United States has been “the greatest economic benefactor in the history of our country, and the worst victim in terms of the dollar going up,” Canadian economist Steve Keen, a former Federal Reserve governor, told Bloomberg Television.
And the “bad” news for Americans and Canadians goes far beyond the loonie’s recent weakness. Since Donald Trump was elected, the dollar has fallen below 73 U.S. cents, a key indicator of weak demand, according to data compiled by The Wall Street Journal.
A Trump win and his 여주출장안마plans to scrap the North American Free Trade Agreement (NAFTA) “would have an impact on the rest of the world, and Canadians certainly would notice this, because we have to trade with a lot of the other countries that are also in the Asia Pacific area as well.”
Tr카지노 게임 사이트ump said Wednesday that China would pay a “big, fat tax” to buy American-made products, such as Ford trucks.
“I mean, you think that when they’ve built their plant