TSX:AX.PR.E - Post by User
Post by
Torontojayon Jun 25, 2024 9:21am
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Post# 36104739
Canada in stagflation
Canada in stagflation This is classic stagflation. Unemployment rate going up and gdp is well below historical averages. 7 quarters of negative gdp per capita! Taxes going up!
Since the beginning of the year, for the first 5 months, inflation has already risen by 2% !!! That is a horrible outcome in spite of unemployment already 130 bps higher than its lows.
M/m inflation has risen by 0.56% which equates to an annual rate of ~ 6.9% !!!
The next cpi print for June is going to be higher due to the base effect and current momentum.