CanadaPolitics

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submitted 2 years ago by kiwiheretic@lemmy.ca to c/canadapolitics@lemmy.ca

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As a foreigner who follows the Canadian news I saw on https://www.ctvnews.ca/business/economists-expect-rise-in-inflation-as-price-growth-fight-enters-new-phase-1.6517322 that the Canadian inflation rate is 2.8% which surprised me as in our country it is around 7%.

If so then how did Trudeau do it? How did he soak up all the money he printed during Covid?

Does that mean that housing and cost of living pressure has also been eased?

Would like to know your thoughts.

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[–] jsdz@lemmy.ml 1 points 2 years ago (2 children)

Canada is pretty sensitive to interest rates right now, since we're all so deep in consumer debt.

[–] kiwiheretic@lemmy.ca 1 points 2 years ago (1 children)

So interest rates have also come down?

[–] jsdz@lemmy.ml 1 points 2 years ago

Not yet, no. I've heard from people who seem like they should know about such things that it should be expected soon.