You thought inflation was bad? Buckle up. Stagflation is making a comeback — the ugly reality where both prices and job loss are on the rise as economies stagnate.
Tackling the affordability crisis in Canada shouldn’t stop us from also spending big on climate change and defence. Because as an economic superpower we can, we must.
Our inflation shock is driven by supply constraints, not overdemand, and once we’re through the pandemic, price increases could fall back to pretty stable rates.
An as-yet unsigned child-care deal; the ongoing she-cession; labour shortages; gig work; record inflation. It’s been a tumultuous two years. Where will we go from here?
