Because of wage suppression via mass immigration in order to forcefully invert the Phillips curve after the BoC did QE.
Mao also had famines while having plenty of food being produced.
We can't feed the people we have, food bank usage has skyrocketed. We may need to send refugees to the US who actually has the housing to house people.
Dog whistle against illegal immigration or what?
Yes, I whistle the law should be followed. That we have a shortage of basic services already and don't need an overburdened healthcare and housing sector in order to feed cheap labor for corporations.
Its not price gouging, its excess money supply, because the Covid stimulus was entirely funded by the Bank of Canada, who ignored their inflation mandate during Covid. Heres a graph from the Boc outlining the inflation in 2021, which hits us with a lag as the money flows through the economy.
https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/
The phillips curve depicts the relationship between inflation and wage pressure, higher inflation means more wage power, and wage gains. But during the inflation Canada did mass immigration, to force down wage pressure. So everyone is now poorer on a per capita basis than they were prior to mass immigration, that is why families dont have any money. Canada has also had the second to last worst per capita GDP performance out of the 38 countries of the OECD, we beat only Luxembourg, so people are poorer.
teppa
joined 1 week ago
Do you use Nvidia by chance?