Summertime and inflation ain’t easy

Controlling inflation with interest rates can work, but at a terrible cost

Summertime and inflation ain’t easySummer heat isn’t the only thing making Canadians sweat this summer; abnormally high inflation and rising interest rates are putting the heat on many Canadians. We’ve gone from 0 per cent inflation in August 2020 to 8.1 per cent in June 2022. That’s really fast. The last time we saw anything like it was 1970-73…

Canada’s richest companies riding the inflation gravy train

Some corporations are doing better than ever while Canadians struggle with skyrocketing cost of living. Let’s tax them

Canada’s richest companies riding the inflation gravy trainInflation in Canada is the highest it’s been since the 1990s, but the reason behind the rising cost of living is different this time and rich corporations are part of the story. Canada hit a new all-time high in corporate profits between October and December last year – $139 billion in pre-tax profits, to be…