{"id":417806,"date":"2022-03-17T18:17:58","date_gmt":"2022-03-17T15:17:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/canadas-inflation-rate-hits-a-three-decade-high\/"},"modified":"2022-03-17T18:17:58","modified_gmt":"2022-03-17T15:17:58","slug":"canadas-inflation-rate-hits-a-three-decade-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/canadas-inflation-rate-hits-a-three-decade-high\/","title":{"rendered":"#Canada&#8217;s inflation rate hits a three-decade high"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29a0788245b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29a0788245b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/canadas-inflation-rate-hits-a-three-decade-high\/#%E2%80%9CCanadas_inflation_rate_hits_a_three-decade_high%E2%80%9D\" >&#8220;Canada&#8217;s inflation rate hits a three-decade high&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCanadas_inflation_rate_hits_a_three-decade_high%E2%80%9D\"><\/span>&#8220;Canada&#8217;s inflation rate hits a three-decade high&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n                            Politics Insider for Mar. 17: How the war in Ukraine could impact your grocery bill; Anita Anand preps an increase in military spending; an exclusive chat with Pierre Poilievre\n                        <\/div>\n<div>\n                                                                        <strong><em>Welcome to a sneak peek of the\u00a0<\/em>Maclean\u2019s<em>\u00a0Politics Insider\u00a0<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter.\u00a0Sign up\u00a0to get it delivered\u00a0straight to your inbox in the morning.<\/em><\/strong><\/p>\n<p><strong>Rising prices:<\/strong> Canada\u2019s inflation rate hit a new three-decade high in February, adding pressure on the Bank of Canada to raise rates, the Globe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theglobeandmail.com\/business\/economy\/article-canadas-inflation-rate-hits-three-decade-high-as-central-banks-look-to\/\">reports<\/a>.<\/p>\n<blockquote><p>The Consumer Price Index (CPI) rose 5.7 per cent in February from a year earlier, up from 5.1 per cent in January, Statistics Canada said Wednesday. That was the highest inflation rate since August, 1991, and it marked the 11th consecutive month that inflation has surpassed the Bank of Canada\u2019s target range of 1 per cent to 3 per cent. Households are feeling the pinch on several fronts. Shelter costs rose 6.6 per cent for the largest annual increase since 1983. Groceries rose 7.4 per cent, the most since 2009. And gas prices jumped 6.9 per cent in a single month. The average of the central bank\u2019s core measures of inflation \u2013 which s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> out volatile components and give a better sense of underlying price pressures \u2013 rose to 3.5 per cent, also the highest since 1991.<\/p>\n<\/blockquote>\n<p><strong>Hungrier:<\/strong> In the <em>Star<\/em>, <strong>Heather Scoffield<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.thestar.com\/politics\/political-opinion\/2022\/03\/16\/russias-invasion-of-ukraine-means-higher-food-prices-in-canada-and-around-the-world.html\">observes<\/a> that food prices, which have already gone up, will also be affected by the war in Ukraine.<\/p>\n<blockquote><p>The Russian invasion of Ukraine, which not only throws Ukrainian farming into question but also has meant the closure of key shipping routes from the region, compounds the trouble \u2014 with devastating effects for food security in developing countries writ large, and among low-income populations around the world. \u201cThe end <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> is, a lot of people are going to be hungrier,\u201d says agri-food consultant Ted Bilyea, a former executive at Maple Leaf Foods Inc.<\/p>\n<\/blockquote>\n<p><strong>Aggressive options: Anita Anand<\/strong> will present military spending options to cabinet \u2014 including some that would boost Canada\u2019s defence spending \u2014\u00a0ahead of the spring budget, CBC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cbc.ca\/news\/politics\/anand-defence-spending-1.6387361?__vfz=medium%3Dsharebar\">reports<\/a>.<\/p>\n<blockquote><p>On Wednesday, NATO Secretary <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Jens Soltenberg called on allied nations to spend a \u201cminimum\u201d of two per cent of GDP on defence. He warned the upcoming expansion of NATO\u2019s deterrence and defence efforts in eastern Europe will \u201crequire major investments\u201d by the allies. Canada currently spends 1.39 per cent of its GDP on the military, according to the latest NATO figures, and has had no plan to hit the long-established two per cent target. Anand signalled that might change. \u201cI personally am bringing forward <strong>aggressive options<\/strong> which would see [Canada], potentially, exceeding the two per cent level, hitting the two per cent level, and below the two per cent level.\u201d<\/p>\n<\/blockquote>\n<p><strong>In his own words:<\/strong> The redoubtable <strong>Shannon Proudfoot<\/strong>, author of the recent must-read <em>Maclean\u2019s<\/em> cover profile of <strong>Pierre Poilievre<\/strong>, had an interesting interview with the CPC leadership frontrunner, which is transcribed here. It offers an interesting window into his thinking.<\/p>\n<blockquote><p><strong>Q.<\/strong> I know you\u2019re very smart, you\u2019re a strategic thinker, you\u2019re well-read. I would contend that\u2019s not the mode of politics you\u2019ve chosen, so how did it come to be that you chose <strong>this very combative style?<\/strong><\/p>\n<p><strong>A. I just dispute the premise<\/strong>. If you look at my <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach in Question Period, I usually ask for a fact. It\u2019s usually give me the date, give me the number, give me the yes or the no. I think that\u2019s why the government finds it so hard to respond, they\u2019re used to getting rhetorical questions and exchanging partisan barbs. If you look at the most popular exchanges I\u2019ve had in the House of Commons, it\u2019s almost always \u2018On what date will the budget be balanced?\u2019 \u2018How much money have you printed, Mr. Governor of the Bank of Canada?\u2019 They\u2019re <strong>precise, factual questions<\/strong>, and those are the kinds of questions we should be asking. The reason that some people find it so devastating is because the facts are devastating. I know <strong>the Press Gallery in Ottawa has an opinion<\/strong> about me, but if you look at the speeches and interventions in the House that I have made that have garnered <strong>millions of views<\/strong>, they are 10-minute dissertations on monetary policy, they are historical speeches, they are insights into governance and deep public policy questions.<\/p>\n<\/blockquote>\n<p><strong>A fighter:<\/strong> In the <em>Globe<\/em>, <strong>Andrew Coyne<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theglobeandmail.com\/opinion\/article-there-may-be-method-in-pierre-poilievres-nastiness\/\">contemplates<\/a> Poilievre\u2019s style, which he finds nasty, and reasons that there is a method to his madness. His supporters want a fighter.<\/p>\n<blockquote><p>What those voters want is someone who will fight \u2013 well, I was going to say, fight for them, but it\u2019s mostly fight against the people they despise, the people who they assume despise them: liberals, elites, academics, bureaucrats, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> of course, all the people who think they\u2019re better than them, and need to be taken down a peg or two. Or at least given a poke. So Mr. Poilievre doesn\u2019t look very prime ministerial? They don\u2019t want him to look prime ministerial, or any other bow to conventional standards or expectations of how politicians should behave. These are the very sorts of badges of elite approval they detest.<\/p>\n<\/blockquote>\n<p><strong>More Trudeau? Lawrence Martin<\/strong>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theglobeandmail.com\/opinion\/article-the-end-of-trudeau-a-charest-leadership-win-makes-it-likely\/\">writing<\/a> in the <em>Globe<\/em>, posits that <strong>Justin Trudeau<\/strong> might decide to stick around for another election if Poilievre wins the CPC leadership.<\/p>\n<blockquote>\n<p class=\"c-article-body__text ep-1 font-pratt\">Should convoy Conservative Mr. Poilievre win the prize, the chances of a Trudeau retirement shrink. The thought of the Tory finance critic taking over the country would be anathema to this Prime Minister, who would envisage his policy legacy being shredded. Mr. Trudeau would see his chances of beating a candidate from the party\u2019s small-tent, right-side phalanx as much better than taking down Mr. Charest. Mr. Poilievre is next to nowhere in Quebec.\n<\/p><\/blockquote>\n<p><strong>No more tests: Jean-Yves Duclos, Omar Alghabra<\/strong> and\u00a0<strong>Randy Boissonnault<\/strong>\u00a0will announce today that most travellers will not have to show proof of a negative COVID-19 test to enter Canada, CTV News <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ctvnews.ca\/canada\/canada-lifting-pre-arrival-covid-19-testing-requirement-as-of-april-1-1.5821622\">reports<\/a>. Passengers may still be subjected to random PCR testing at the airport.<\/p>\n<p><strong>Enter Jean:<\/strong>\u00a0<strong>Brian Jean<\/strong> was quick to throw down the gauntlet to <strong>Jason Kenney<\/strong> after his\u00a0decisive byelection victory. In <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/calgaryherald.com\/opinion\/columnists\/braid-4\">an interview<\/a> with\u00a0<strong>Don Braid <\/strong>of\u00a0the <em>Calgary Herald,\u00a0<\/em>Jean said he wants to be admitted to the UCP caucus to work to oust the premier: \u201cUnlike most politicians I won\u2019t stab people in the back. I\u2019m right in front of you. I\u2019m going to tell you what\u2019s best for the team.\u201d<\/p>\n<p><strong>Very soon: Doug Ford<\/strong> and <strong>Justin Trudeau<\/strong> both say a child care deal for Ontario is coming \u201cvery soon,\u201d CP <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nationalnewswatch.com\/2022\/03\/16\/ford-trudeau-say-ontario-child-care-deal-coming-soon-as-end-of-fiscal-year-looms\/#.YjJvn-Vb2wS.twitter\">reports<\/a>.<\/p>\n<p><strong>Staying out of it:<\/strong> In the <em>Toronto Sun<\/em>, <strong>Lorrie Goldstein<\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/torontosun.com\/opinion\/columnists\/goldstein-ford-believes-best-shot-at-re-election-is-to-support-trudeau\">writes that<\/a> Ford \u201chas decided his best chance of re-election in June is to cozy up to Prime Minister Justin Trudeau rather than anyone in the federal Conservative leadership race.\u201d<\/p>\n<p><strong>Do svidaniya:<\/strong> The CRTC ruled Wednesday that Russia\u2019s RT can no longer legally be carried on Canadian television screens: \u201cFreedom of speech and a range of perspectives are a necessary part of our democracy. However, it is a privilege and not a right to be broadcast in Canada,\u201d the CRTC wrote. The <em>Globe<\/em> has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.theglobeandmail.com\/business\/article-russias-rt-network-can-no-longer-be-legally-broadcast-on-canadian\/\">the story<\/a>.<\/p>\n<p><strong>Publication note:<\/strong> The Politics Insider will take a break tomorrow, and return in your inbox on March 22.<\/p>\n<p><strong>\u2014 Stephen Maher<\/strong><\/p>\n<div class=\"under-article-widget-nl\">\n<p class=\"under-article-widget-title\">Looking for more?<\/p>\n<p class=\"under-article-widget-description\">Get the best of <em>Maclean&#8217;s<\/em> sent straight to your inbox. Sign up for daily stories and analysis.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.macleans.ca\/politics\/canadas-inflation-rate-hits-a-three-decade-high\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Canada&#8217;s inflation rate hits a three-decade high&#8221; Politics Insider for Mar. 17: How the war in Ukraine could impact your grocery bill; Anita Anand preps an increase in military spending; an exclusive chat with Pierre Poilievre Welcome to a sneak peek of the\u00a0Maclean\u2019s\u00a0Politics Insider\u00a0newsletter.\u00a0Sign up\u00a0to get it delivered\u00a0straight to your inbox in the morning. 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