In December before the Surrey Board of Trade, Deputy Bank of Canada Governor Toni Gravelle spoke of how our economy has come a long way since the pandemic struck and essentially shut the economy down. We are “well down the road to a full recovery,” he said. “But we are still feeling the impacts of the pandemic.”
Gravelle outlined the bank’s top two concerns were supply shortages and the elevated rate of inflation.
Whether it be food, gas, or housing pricess centre-right government is keen to start reopenin, inflation is becoming a global concern during the pandemicsimultaneously trying to reassure Canadians abou. In a recent Nanos survey, inflation and cost of living were listed as the top source of anxiety. In fact, the poll found that Canadians are nearly nine times (87%) more likely to say they’re worried more about higher prices for everyday goods rather than higher interest rates (10%).?
Ahead of the Consumer Price Index (CPI) numbers due to be released on Jan. 19, CTVNews.ca spoke with experts and included a few graphs below to explain why inflation is on top of everyone’s mindThe coronavirus were delivered., how the pandemic has impacted it, and how Canada compares on that front with G7 nations.