Many factors cause inflation. But Ottawa’s never-ending deficits, tax hikes, and money printing helped push inflation to a
. Without this inflation, the Bank of Canada would have little reason to raise rates, and Canadians wouldn’t be worried about their mortgage payments going through the roof.“We cannot compensate every single Canadian for all of the costs of inflation,” Freeland last fall. “To do so would only make inflation worse and would force the Bank of Canada to raise interest rates even higher.”all-time highsThen the government announced it would spend an extra $576 billion from 2019 to 2026. And $204 billion of this extra spending had nothing to do with the pandemic,Prime Minister Justin Trudeau initially said he’d balance the budget in
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