The last time inflation hit 5% was in 1991 when it hit 5.63%.
As drivers across the country are finding out, gas is up 32.8% with the overall costs of transportation up 9.1%
BOC Governor Tiff Macklem says the high cost of living has exceeded federal targets and is proving “more complicated” than thought.
“Therefore, if most Canadians moved away from cash it would be due to the choice of consumers.”—The Positive Case For A CBDC report.
“It causes me frustration, stress and loss of enjoyment of life.”
"A sharp spike in withdrawals of banknotes occurred early in the pandemic," said the Bank's report Cash And Covid-19.
Trudeau was asked about the Bank of Canada mandate which expires at the end of this year.
"The rich get richer, the poor become more dependent on the state, and the middle class subsidize the whole process."
Mark Kruger said protesting against human rights atrocities in China was pointless.
Macdonald Laurier Institute Senior Fellow Philip Cross warned the higher money supply could lead to higher inflation, followed by higher interest and mortgage rates.