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She's an excellent journalist

She is paid to write a catchy title that will catch attention and get the widest distribution possible to maximize ad revenue. I clicked just to see the absurdity.

Fake news is more entertainment than education nowadays
 

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Yes, she's an excellent writer/journalist.

She isn't a good "reporter of facts"
I really don't mean to drag this out and this will be my last post on the subject but...

My original comment was not regarding the content of this particular article (in fact I agree with the much of the criticism) but rather the way m3s appeared to dismiss the author with "some girl had a shower thought" . Maybe it was not intended but to me it smacked of sexism and ignored the woman's credentials.

But maybe m3s is also in the habit of disagreeing with male writers by saying things like "some boy had a shower thought". If so, then I apologize now.
 

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Let’s hope they will hike it up alright, where inflation is. Otherwise it’s hardly a “hike” if they going to those point twenty five steps, with double digits real world inflation.

Bloomberg) -- Canadian banks are bringing forward their forecasts for interest rate hikes to as early as next week, amid growing evidence the economy is hitting limits and inflation pressures are rising.
Economists at TD Securities and Laurentian Bank said Monday the Bank of Canada will start a hiking cycle at its policy decision on Jan. 26. Bank of Montreal brought forward its call on the first increase to March from April, while Bank of Nova Scotia said the central bank “cannot afford” to wait any longer.
The more hawkish calls follow the release of the Bank of Canada’s quarterly survey of business executives on Monday, which painted a picture of an economy running increasingly hot, with widespread labor shortages, record inflation expectations, and strong demand.
“The context is appropriate for a liftoff next week,” said Dominique Lapointe, an economist with Laurentian Bank Securities, by email
Markets are also pricing in a January hike, with overnight swaps pointing to a greater than 70% chance that the central bank will move next week. The Bank of Canada has kept its overnight rate at the emergency level of 0.25% since March 2020.
For some analysts, the survey data confirmed that risks require the central bank to move sooner than later.
“The Bank of Canada cannot afford to wait any longer to tighten monetary policy,” Derek Holt, an economist with Scotiabank, wrote in a report to investors.
 

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"Those who have access to the financial system get vastly richer as their debts shrink in real value and their assets inflate. Those who do the work - the people in the fields for whom we painted these floors green - they watch the fruits of their labours wither away by this inflation"

The house of commons basically getting schooled by professor Pierre nowadays? But is anybody listening? #JustinFlation

 

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CPI release today for December, so we had 4.8% inflation in year 2021.
 

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CPI is broken

It's much higher
I feel like CPI is borderline propaganda at this point.

Gas prices up nearly 40 cents/litre from this time a year ago (edit: my bad, using Dec 31st numbers it's "only" up about 20 cents... lol). Let's not even talk about housing.

Can someone explain why the US inflation numbers are so much higher? Is their measurement method better, or is there some other reason?
 

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I feel like CPI is borderline propaganda at this point.

Gas prices up nearly 40 cents from this time a year ago. Let's not even talk about housing.

Can someone explain why the US inflation numbers are so much higher? Is their measurement method better, or is there some other reason?
Answer to your first question is timing. These are December numbers. Not real time.

Answer to the second question is their inflation is higher (when measuring the basket of goods/services in their market in their currency - USD$)
 

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I'm not sure what you mean. This hike will have little impact on inflation. Inflation is being driven by supply issues, not demand.
that is my point no impact unless it’s percentage increase not fraction of the percent.
I agree inflation is driven by supply issues, uncontrollable supply of money to be more precise.
Product Rectangle Font Slope Parallel
 

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If we look globally inflation is even more dispersed . Japan its less than 1%, UK 5.4, Swiss 1.5%,...
I think it's because how things are priced in different countries/currencies

Living in the US I can assure you there are better deals available on average. There is more competition here, bigger markets, more options, lower margins etc. Their prices got squeezed up by inflation. In Canada if the car dealer had bigger margins on the MSRPs they aren't forced to raise prices as much

I don't know about Japan and Switzerland but I remember paying like 6 euro for a coffee in Switzerland. Maybe those expensive countries were already inflated
 

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I feel like CPI is borderline propaganda at this point.

Gas prices up nearly 40 cents/litre from this time a year ago (edit: my bad, using Dec 31st numbers it's "only" up about 20 cents... lol). Let's not even talk about housing.

Can someone explain why the US inflation numbers are so much higher? Is their measurement method better, or is there some other reason?
Baskets are different. For example, used cars are included in US but not in Canada
 

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I'm pretty sure inflation is higher than they are telling us. Fuel alone is up about 30% ? Housing costs, utilities, groceries are all up a lot more than 5%. Another crock from Trudeau's government ?
 
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