What "smart" people have been saying all alongOh this isn'ta s-cam is it? Well, rents going up at record paces cause of interest rates and supply (which rates make worse),and food which is not interest rate sensitive, nor oil if opec gathers together. Time to end this madness to implement 'the great reset".All a s-cam at this point!
Rents jumped by 8.2 per cent last month, a reflection of fervent demand for housing and a chronic lack of supply across the country. The federal government has signalled that it will unveil more funding to build affordable housing units in Tuesday’s fall economic statement, as it faces pressure to address various affordability concerns.
The Bank of Canada has flagged services inflation as one of the challenging areas in wrestling inflation back to the central bank’s 2-per-cent target. The BoC will make its next interest-rate decision on Dec. 6, and is widely anticipated to hold its policy rate at 5 per cent.
Groceries are continuing to see a slowdown in price increases. Those costs rose at an annual rate of 5.4 per cent in October, down from 5.8 per cent the previous month. Grocery inflation peaked at more than 11 per cent.