Monday, February 18, 2019

A Temporary Period Of Softness?


Most Canadian’s were, naturally, happy to see gas prices go down 8.6 per cent in December, but wait a minute not everything is peachey-dandy – inflation overall in Canada went up 2 per cent, according to Stats-Canada’s figures which were released on Jan.18. Canadians paid 14.9 per cent more for fresh vegetables and 28.1 per cent more for air fares. 

The Bank of Canada’s governor Stephen Poloz kept his benchmark interest rate unchanged at 1.75 per cent as the economy goes through what he described as a temporary period of softness due to the drop in oil prices.

 At the supermarket shoppers can experience such softness, that it would make them wonder what hardness would be like.

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