ANALYSIS | Solving the inflation crisis requires more than just interest rates | CBC News

Stanford says this inflation crisis is different from those in the 1970s, '80s and '90s. The current episode was sparked by supply chain disruptions during COVID-19 lockdowns, Russia's invasion of Ukraine and climate issues impacting global agriculture.

Stanford says Australia and some European countries have capped energy prices that soared after Russia's invasion of Ukraine in February 2022. Many Canadians may bristle at the notion of something like price caps. But he says this country already has some price controls on milk and dairy supplies. Why not on other products?

Real estate signs are shown in Mississauga, Ont., in May. Governments could take a number of actions to help address housing affordability in Canada, one economist says, including waiving the HST on purpose-built rentals and relaxing stringent zoning laws.

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