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In this episode, we take a look at why Canada's inflation rate leapt back to 2% in October after hitting a three-year low just a month prior. From increasing gas and food costs to stable shelter costs, we break down what lags the numbers and what it might mean for the economy– and your wallet.
Also in this episode:
The Canadian dollar is down to a four-year low, hovering around 71.56 cents. Find out what's driving the loonie's struggles and what it might imply for imports, exports, and inflation.
Canada's housing market is revealing signs of a return with home sales up 30% year-over-year. Are rate cuts fueling this development, or is it just a short-lived rebound?
✈ WestJet's $12.5 million class-action settlement means some guests might claim travel credits. Examine if you're qualified and how to submit your claim before the 2025 deadline.
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Thanks Marc.
Very welcome Enid!! Hope you’re well. 😁
Great knowledge. Thanks for the video Marc. This is my “go-too” for financial advise
Thanks!! Hope all is well out your way. Cheers.
Both measures of core inflation are up. It isn’t just gasoline.
Right you are….. thanks for watching!
Imagine. Cheaper borrowing increasing inflation in a country where everyone is addicted to credit.🤦♂️ this is not an insignificant issue in my opinion.😬
While it is not surprising that the lowering of interest rates will stoke inflation, the part that is surprising me is the speed that it is taking effect. With the interest rate cuts happening now, I was personally not expecting inflation to rise until the spring or summer of 2025. The fact that inflation is rising before they even finish cutting rates is worrisome.
Agreed, Derek. Cheers.
Thanks for the information. For everyone reading the report. Don’t be confused by the headlines. Inflation in Canada is caused by mortgage interest costs and rents. Which are both lagging on the cpi. Inflation is very low excluding these items.
Yea ignore headline inflation, look at the core inflation which excludes more volatile items in the CPI basket. The core readings are a preview of what is to come, higher inflation…
I’m seeing more and more people build shelters outside in the suburbs…not good…
It is becoming increasingly difficult to stay here… 😢
What a surprise !!! We a bunch of neophytes running the show
Drop Bank of Canada rates, and you get inflation! But if you don’t drop BOC rates, 2025 huge/biggly number of remortgages will fail with keys going back. JT has overspent (doubled 150 year Canadian debt in 7) and the inevitable is now here and now! :’(
Im scared. Hold me.
Currency debasement is here.
I cannot keep up with groceries anymore. I have 3 kids..my husband works..I work.. I only shop at a no frills because it’s the cheaoest around here. We are very frugal people and pretty minimalist people but this is causing such horriifc stress. It doesnt help one of our children is allergic to peanuts and tree nuts. Reslly trying to stay positive but getting worried things will not improve.
Our rent is too high and our place is extrmenely tiny. I don’t ever see us leaving for a bigger place. It is a 2 bedroom but more like a 1.5 bedroom.