Canadians face weaker purchasing power for lower incomes
A Parliamentary Budget Officer report finds inflation and higher rates since 2022 eroded purchasing power for Canadians especially the low income group, while wealthier households gained from investment income. Since late 2019 average purchasing power rose 21 percent, aided by government transfers and wage gains.
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Report warns of worsening U S trade relationship
A Canadian Chamber of Commerce study cautions that protectionist moves, including a 10 percent US tariff plan, would damage both nations. Trevor Tombe of the University of Calgary estimates Canada could lose up to 1 percent of GDP, with US costs around 125 billion dollars, amid cross border supply chains and ongoing NAFTA review.
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