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Restraint must begin to be seen as necessary for preserving Canada’s prosperity. Can we continue to increase spending every year without limit? Can we finance deficits with endless printed money and assume that there will be no consequence? Common-sense would dictate that the answer to those questions is ‘no.’ Yet, our leaders seem to think the answer is ‘yes,’ if we are to judge by their actions. And so, the inevitable result of this massive surge of spending and printed money (effectively pushing more money into the system despite no comparable increase in the quantity of goods) is that inflation is surging. According to Stats Canada, inflation was up 3.6% in May, the largest increase in a decade. Last month, inflation was up 3.4%, which also happened to be the highest increase in a decade: Here’s what Stats Canada said in their report: “The Consumer Price Index (CPI) rose 3.6% on a year-over-year basis in May, up from a 3.4% gain in April. This was the largest yearly increase since May 2011. Excluding gasoline, the CPI rose 2.5% year over year.

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