As a foreigner who follows the Canadian news I saw on https://www.ctvnews.ca/business/economists-expect-rise-in-inflation-as-price-growth-fight-enters-new-phase-1.6517322 that the Canadian inflation rate is 2.8% which surprised me as in our country it is around 7%.
If so then how did Trudeau do it? How did he soak up all the money he printed during Covid?
Does that mean that housing and cost of living pressure has also been eased?
Would like to know your thoughts.
Canada has been doing pretty decently when compared to other countries. It’s not all about pandemic spending. Challenges on the supply side have had a huge impact globally (e.g., chip shortages, production slowdowns in China, fuel prices).