Is Canada headed for a recession?
Sticker shock at the pumps and the grocery store is the number one concern of Canadians according to Ipsos Research, with 8 in 10 worried that a recession is in the financial horizon. Anyone who has had to fill up or pick up staples at the store has seen their buying power reduced.
The latest inflation numbers peg the cost of living at 7% for August, which is down marginally from the previous month. The Bank of Canada has been aggressive in hitting the brakes on an overheated economy, hiking the prime rate in dramatic fashion which has seen a somewhat cooling of our scorching housing market.
Economists do expect inflation to remain above 6 percent through the end of the year. Fuel prices and shelter have seen a bit of a dip but grocery prices remain at their highest level since the Empire Strikes Back hit the big screen in 1981.
Our Unpublished Vote Question asks:
Do you feel the Canadian economy is on track for a recession?
Yes | No | Unsure
Listen/Watch the podcast and then cast your vote by clicking on the link below when it appears. Don't forget to comment and to email your MP to them why you feel the way you do. Only at Unpublished.ca--Canada's non-partisan forum for political discourse and debate!