Canada’s inflation rate reaches 4.4% in September as gas prices rise

0
21

Policy Insider for October 21, 2021: Things Are Getting More Expensive; CPC opposes vaccine rules; and a Trudeau mystery

Welcome to a preview of the Maclean’s Policy insider News bulletin. Sign up to get it delivered straight to your inbox in the morning.

Statistics Canada said Wednesday that, mainly led by higher gas prices, the Canadian inflation increased by 4.4 per cent in September of a year earlier, the Globe relationships, higher than expected by the Bank of Canada.

It was the sixth consecutive month that inflation exceeded the Bank of Canada’s target range of 1 to 3%. Acceleration was heavily influenced by gasoline prices, which increased by 33% a year ago. Excluding gas, the CPI increased by 3.5%. Prices were higher across all eight major components, including substantial earnings in housing (4.8 percent) and food (3.9 percent).

The Bank of Canada has long argued that warmer inflation is a transitory phenomenon, due to factors such as supply chain disruptions and a comparison to lukewarm prices from a year ago. However, BoC Governor Tiff Macklem recently recognized that high inflation could be “A little more insistent” than previously thought, partly because supply congestion is not disappearing. In July, the central bank predicted that annual inflation would average 3.5% in the fourth quarter. That call seems “light,” chief economist at the Bank of Montreal Doug Porter He said this in a note to clients, with the CPI expected to remain above 4% in the coming months. BMO expects inflation to average 3.3% this year and into 2022. “Suffice it to say that this strains the definition of transitory,” Porter said.

Difficult to know: Writing in the Globe, Ian McGugan say that the numbers on inflation can be scary, but it’s hard to know whether or not inflation will continue, as experts aren’t very good at predicting it.

Renaissance prediction: In star, Armine Yalnizyan features economic disadvantages that could arise as the feds remove pandemic supports, but overall good economic news is expected.

CPC Objects: The CPC – which will not confirm how many of its MPs remain unvaccinated – is against a mandatory vaccination policy announced by the House of Commons, CTV relationships. The Board of Internal Economy – a cross-party committee of nine MPs – said on Tuesday that anyone entering the House of Commons district must be fully vaccinated by 22 November, upon the return of the parliamentarians.

Conservatives argue that it should not be for a committee of parliamentarians to decide who can and who cannot enter the spaces of Parliament Hill, although the committee has historically overseen the operation of the House of Commons. “While we encourage everyone who can be vaccinated to get vaccinated, we cannot agree to seven parliamentarians, meeting in secret, deciding which of the 338 MPs, newly elected by Canadians, can enter the House of Commons to represent their constituents, “said the conservative whip Blake Richards in a statement. Richards is one of two Conservative council members, who held a closed-door meeting on Tuesday. While what happens behind closed doors at parliamentary committee meetings is not meant to be discussed publicly, Richard’s statement suggests the decision was most likely endorsed by Liberals, New Democrats, and the Bloc Quebecois, whose caucuses are all fully vaccinated.

Dog wagging its tail: In send, Giovanni Ivison writes that conservatives should register their objection to the way this was done, by a committee.

The tail is wagging the dog’s tail. Although the president acknowledges a prima facie matter of privilege in the House, the Liberals, Bloc Québécois and the NDP have made it clear that they will support mandatory vaccination in any vote and the council’s decision will stand.

Political offense: In star, Susan Delacourt writes that Conservatives are putting personal privilege ahead of their duty to Canadians.

All legal technicalities aside, however, the idea that any Conservative MP who opposes vaccinations – be it a few or two dozen – should at least be a political offense. Not long ago, this was the party that argued in the House that the Liberal government wasn’t doing enough to make sure everyone in the country had access to COVID-19 vaccinations.

Who is Trudeau talking to? Indigenous supporters don’t know who Justin Trudeau is talking about when he says Ottawa is consulting on First Nations child compensation, CP relationships.

In Tk’emlúps te Secwépemc this week, Trudeau said he is consulting “with indigenous partners and leaders” on a recent Federal Court decision on compensation for First Nations children. Lawyer Cindy Blackstock and the national head of the Congress of Aboriginal Peoples Elmer St. Pierre they both said any consultation is a mistery to them.

CPC PPC cost: In Written, Eric Grenier has an interesting deep dive in the rise of the PPC in the recent elections. It probably cost the Tories seats, he says, but not That lot of.

In just seven seats, 50% of the PPC votes were even greater than the conservatives’ margin of defeat. At 25%, we are only talking about three seats. Those three seats were Trois-Rivières in Quebec (because the Conservatives were so close, not because the PPC was so high) and Sault Ste. Marie and Kitchener – Conestoga in Ontario. At the 50% mark, the top four spots are Edmonton Center, Nanaimo-Ladysmith, Kitchener South-Hespeler, and Niagara Center. Beyond these seven, an increasingly implausible share of the PPC vote must go to the Conservatives to win their seats. Yes, the PPC probably cost the Conservatives a few seats. Maybe even a dozen if we’re very generous.

Set pop: Newfoundland and Labrador are introducing a tax on sugary drinks, a first in Canada, City News relationships. (Here is Nathan Sing’s report in Maclean’s on the sugar tax from August.)

The doctor shouts: Saskatchewan Chief Health Officer Dr. Saqib Shahab burst into tears as she unveiled COVID modeling on Wednesday, the Starry phoenix relationships.

Time bomb? In Globe, Konrad Yakabuski has a look to the redistribution of seats that Justin Trudeau should bring to keep up with demographic changes, and concludes that he probably won’t take a seat away from Quebec for political reasons.

Reduced access: In Vancouver sunshine, Vaughan Palmer has a right column taking John Horgan task of raising information access rates and weakening the system in other ways.

– Stephen Maher

LEAVE A REPLY

Please enter your comment!
Please enter your name here