Canada inflation hits 18-year-high

[MikePal]

We've mentioned it before.. early signs Canada is becoming another Venezuela ...this is how it starts and with a PM that doesn't worry himself about the 'Monetary Policy' ....visions of a rough ride ahead.

Canada's annual inflation rate accelerated to an 18-year-high in August, driven by broad upward price pressures, data showed on Wednesday, just days before a hotly contested federal election that could see Prime Minister Justin Trudeau's Liberals ousted.

The rate rose to 4.1% in August, its fastest clip since March 2003, Statistics Canada said, beating analyst estimates and prompting Trudeau's main rival to pounce over the rising cost of living.

"The numbers released today make it clear that under Justin Trudeau, Canadians are experiencing an affordability crisis," said Erin O'Toole, leader of the main opposition Conservatives, in a statement.

more: https://www.reuters.com/world/americ...03-2021-09-15/

[mosquito]

Just wait until the interest rates go up.

[kokes]

thats what happens when the Libs pay people to stay home and not PRODUCE - simple economics

[trimmer21]

Interest rates can't be artificailly held low by government forever. Inflation is always a bellweather of adverse economic policy. If inflation keeps rising and and interest rates rise globally,Canada will be on the receiving end of the poopy end of the shyte stick. Venezuala indeed,we should be so lucky.

[js4fn]

Wait till Trudeau gets elected massive Carbon Tax increases

[MarkB]

Just wait until the interest rates go up.

Cash parked, waiting for impending housing market collapse.
If I'm wrong, then economics no longer makes sense ...

[MarkB]

Interest rates can't be artificailly held low by government forever. Inflation is always a bellweather of adverse economic policy. If inflation keeps rising and and interest rates rise globally,Canada will be on the receiving end of the poopy end of the shyte stick. Venezuala indeed,we should be so lucky.

They can artificially do what they want, but the market will always respond in a real way. Inflation will keep going up, and things will become prohibitively expensive, especially for the poor. They can pretend all they want ... but they can't stop real inflation.

The only question I have is when .... how long, before it all busts? In my lifetime, or will they find some way to prolong the inevitable?

[js4fn]

They can artificially do what they want, but the market will always respond in a real way. Inflation will keep going up, and things will become prohibitively expensive, especially for the poor. They can pretend all they want ... but they can't stop real inflation.

The only question I have is when .... how long, before it all busts? In my lifetime, or will they find some way to prolong the inevitable?

All depends what you call a housing bust. You talking about a 300,000 home yesterday that now bring 600,000 today and dropping to 500,000 in a year. I could see that perhaps add in a crazy interest rate increase I don’t see that happening but who knows. May lower the # of buyers but prices are going to be steady may even go higher in cities. Gas prices automobile prices up up

[MarkB]

All depends what you call a housing bust. You talking about a 300,000 home yesterday that now bring 600,000 today and dropping to 500,000 in a year. I could see that perhaps add in a crazy interest rate increase I don’t see that happening but who knows. May lower the # of buyers but prices are going to be steady may even go higher in cities. Gas prices automobile prices up up

I'll be looking for a cottage, or possibly commercial. Let's see.
My theory is cottages will crash ... as they are secondary homes ... will be shed fast to protect primary residence.
Commercial ... I think already hurt by COVID, a rising interest rate may pressure some landlords to shed properties,
particularly if they are dealing with vacancies (insufficient revenue coming in).
I understand I would have to get through the lull in the economy ... but you need to act on these "once in a lifetime"
opportunities.

[js4fn]

No money people will invest in cottages. It’s a lot like farm land not making anymore lakefront. Some are buying two cottages right now and tearing both down for nice homes