Out-of-control inflation and high interest rates are truly the nightmare scenario for an indebted economy like Canada’s.
A pandemic, a trade war and rapidly shifting consumer demand are a recipe for goods inflation, National Bank's chief economist says.
"It is not a supply issue, but it is a behavioural change..."
Canada might be underestimating how much consumer prices are rising because of how it measures housing costs.
Mortgage payments were the single largest contributor to the rise in consumer prices over the past year.
All of Canada's major banks have just hiked their prime interest rate.
Interest rates could be going up sooner rather than later.
Thank "intense competition" for lowering shopping bills.
The average inflation-adjusted wage in Canada is 0.9% lower than a year ago.
This could be bad news for Canadian mortgage payers.