What’s Eating Canadian Consumers the Most? Try Grocery Prices
To many economists, the affordability crisis is an illusion.
The financial pressure weighing so heavily on Canadian households over the cost of living doesn’t really show up in the numbers.
Since the start of the COVID-19 pandemic, incomes have grown faster than inflation. Average weekly wages have risen by 29 per cent since the end of 2019, according to Statistics Canada. The Consumer Price Index is up by 21 per cent over the same period.
It would appear as though the average household is in better shape, financially speaking.
This is tough to reconcile with how Canadians feel about their...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.