(ಠ_ಠ)
2014-11-21 20:01:25 UTC
Why? The main things that are affecting our cost of living rising are -
according to stats Canada, anyway - food and shelter.
Now, we can all guess why 'shelter' costs more . . . a higher demand due to
increased immigration levels.
And displacement of lower-cost shelter for higher-priced shelter called luxury
condominiums.
Also, the cost of heating should be reflecting lower costs for landlords and
thus less need for rental increases.
Why isn't it happening?
Does the term 'corporate greed' mean anything to anyone here - even if they ARE
rightwing stooges?
And food. . . . the cost of food should be down, considering the cost of fuel
to transport that food to us is down.
But it's up and still climbing . . . . does the term 'global warming' mean
anything to rightwingers here or in our government?
We're flush with natural gas resources - but they're for EXPORTING for profit
aren't they? - not to facilitate lower prices to Canadians.
Work harder, Canadians (if you haven't already lost your job); we've got major
market forces working against us here . . . . rightwing governments controlled
by corporations and jobs being lost due to corporate actions - like importing
cheap foreign labour.
Not to mention the Bank of Canada jumping on the bandwagon to take still more
out of our pocket - through increased borrowing and mortgage rates.
We need to think long and hard about our vote in the next election. And that
means examining just how cozy Justin Trudeau is with the corporations who are
in control now - and screwing us over.
___________________________________
http://www.statcan.gc.ca/daily-quotidien/141121/cg141121a002-eng.svg
The Bank of Canada The Bank of Canada building is pictured in Ottawa in this
file photo taken July 19, 2011. (REUTERS/Chris Wattie/Files)
OTTAWA – Canada's annual inflation rate jumped last month as prices for shelter
and food rose, putting pressure on the Bank of Canada's stance that interest
rates will remain low for some time.
Year-on-year inflation rose to 2.4% in October, Statistics Canada data showed
on Friday. That was the highest level since June, surpassing economists'
expectations for a slight rise to 2.1% from September's 2.0%.
The core inflation rate, which is closely watched by the central bank and
strips out volatile items, rose to 2.3%, also topping forecasts. The figures
sent the Canadian dollar to a three-week high against the greenback.
The Bank of Canada has shrugged off recent firmer inflation, saying the
strength is likely temporary. Analysts said it will be difficult for the
central bank to look past the numbers if the trend higher continues.
"With this unexpected pressure on the inflation side, it raises the probability
of the Bank of Canada moving into a tightening mode," said Paul Ferley,
assistant chief economist at Royal Bank of Canada.
Prices in all of the major components of the consumer price index rose, with
the cost of shelter up 2.8% in the last year, pushed higher by a 20.1% jump in
natural gas prices. Food prices rose 2.8%.
"The increase in prices is pretty widespread, so it's going to be difficult for
the Bank of Canada to easily dismiss these higher inflation numbers," said Sal
Guatieri, senior economist at BMO Capital Markets.
"Clearly it removes any chance of the Bank of Canada cutting interest rates ...
and it possibly could bring forward the timing of the Bank of Canada's rate
increase."
On a month-on-month basis, consumer prices edged up 0.1% and core prices rose
0.3%. The annual rate was ahead of the central bank's forecast for 2.2% CPI
increase in the fourth quarter.
Still, the report in isolation was seen as unlikely to shift central bank
policy in the near term. Mazen Issa, senior Canada macro strategist at TD
Securities, said the bank will focus on labor market slack as reason for
staying on the sidelines on rate policy.
"I don't see the Bank of Canada really making too much of this because their
bias is to remain on hold for an extended period of time," Issa said.
according to stats Canada, anyway - food and shelter.
Now, we can all guess why 'shelter' costs more . . . a higher demand due to
increased immigration levels.
And displacement of lower-cost shelter for higher-priced shelter called luxury
condominiums.
Also, the cost of heating should be reflecting lower costs for landlords and
thus less need for rental increases.
Why isn't it happening?
Does the term 'corporate greed' mean anything to anyone here - even if they ARE
rightwing stooges?
And food. . . . the cost of food should be down, considering the cost of fuel
to transport that food to us is down.
But it's up and still climbing . . . . does the term 'global warming' mean
anything to rightwingers here or in our government?
We're flush with natural gas resources - but they're for EXPORTING for profit
aren't they? - not to facilitate lower prices to Canadians.
Work harder, Canadians (if you haven't already lost your job); we've got major
market forces working against us here . . . . rightwing governments controlled
by corporations and jobs being lost due to corporate actions - like importing
cheap foreign labour.
Not to mention the Bank of Canada jumping on the bandwagon to take still more
out of our pocket - through increased borrowing and mortgage rates.
We need to think long and hard about our vote in the next election. And that
means examining just how cozy Justin Trudeau is with the corporations who are
in control now - and screwing us over.
___________________________________
http://www.statcan.gc.ca/daily-quotidien/141121/cg141121a002-eng.svg
The Bank of Canada The Bank of Canada building is pictured in Ottawa in this
file photo taken July 19, 2011. (REUTERS/Chris Wattie/Files)
OTTAWA – Canada's annual inflation rate jumped last month as prices for shelter
and food rose, putting pressure on the Bank of Canada's stance that interest
rates will remain low for some time.
Year-on-year inflation rose to 2.4% in October, Statistics Canada data showed
on Friday. That was the highest level since June, surpassing economists'
expectations for a slight rise to 2.1% from September's 2.0%.
The core inflation rate, which is closely watched by the central bank and
strips out volatile items, rose to 2.3%, also topping forecasts. The figures
sent the Canadian dollar to a three-week high against the greenback.
The Bank of Canada has shrugged off recent firmer inflation, saying the
strength is likely temporary. Analysts said it will be difficult for the
central bank to look past the numbers if the trend higher continues.
"With this unexpected pressure on the inflation side, it raises the probability
of the Bank of Canada moving into a tightening mode," said Paul Ferley,
assistant chief economist at Royal Bank of Canada.
Prices in all of the major components of the consumer price index rose, with
the cost of shelter up 2.8% in the last year, pushed higher by a 20.1% jump in
natural gas prices. Food prices rose 2.8%.
"The increase in prices is pretty widespread, so it's going to be difficult for
the Bank of Canada to easily dismiss these higher inflation numbers," said Sal
Guatieri, senior economist at BMO Capital Markets.
"Clearly it removes any chance of the Bank of Canada cutting interest rates ...
and it possibly could bring forward the timing of the Bank of Canada's rate
increase."
On a month-on-month basis, consumer prices edged up 0.1% and core prices rose
0.3%. The annual rate was ahead of the central bank's forecast for 2.2% CPI
increase in the fourth quarter.
Still, the report in isolation was seen as unlikely to shift central bank
policy in the near term. Mazen Issa, senior Canada macro strategist at TD
Securities, said the bank will focus on labor market slack as reason for
staying on the sidelines on rate policy.
"I don't see the Bank of Canada really making too much of this because their
bias is to remain on hold for an extended period of time," Issa said.
