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Inflation is cooling. So why are Canadians still so stressed out? 

Global News
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Two years ago annual inflation was north of eight per cent. These day it’s close to two. But money-related stress is off the charts according to personal finance expert Rubina Ahmed-Haq.
“Many people are now facing layoffs, and cuts to their contracts as companies are not able to keep people on-staff because they are also struggling with higher costs of doing business,” Ahmed-Haq says.
Households’ bottom lines are under pressure from years of soaring inflation, rapidly rising borrowing costs designed to slow spending, plus international factors making life more expensive like rising oil expenses.
Anne Gaviola has more.
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#GlobalNews #inflation #financialstress

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22 май 2024

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Комментарии : 119   
@alexiapucci4482
@alexiapucci4482 Месяц назад
So why are Canadians still so stressed out???? I do not see my bills cooling, in fact it continues to increase. Who are taking these polls, the Liberal/NDP gov?
@Joemamarickroll
@Joemamarickroll Месяц назад
Just global gaslighting people as usual
@84Rabbitz
@84Rabbitz Месяц назад
The interest rate went up... So the price went up... Just because the rate has lowered doesn't mean the price will go down. It means that it will go up more slowly now.
@alexiapucci4482
@alexiapucci4482 Месяц назад
@@84Rabbitz Not everything is related to interest rates, for example groceries and consumer goods. For every transport trip needed to get the goods to the store, Carbon tax gets tacked on. By the time it arrives to the retailer, their freight rate has at least 3x + carbon taxed on it that is passed to the consumer. Also, this Liberal/NDP gov limited the import of fertilizers, causing a skyrocket cost that farmers have to pay and also pass the extra cost to their bottom line. Farmers in Ontario has been protesting, I imagine it will gain momentum like Europe as also this federal gov caps their production.
@dsab381
@dsab381 Месяц назад
What polls? They're saying inflation went from 8% to around 2%. They didn't say it went negative lol.
@vkchaitanya2003
@vkchaitanya2003 Месяц назад
Spot on seems like these liberals live in their own bubble
@PulaskiSkater71
@PulaskiSkater71 Месяц назад
I’m not Canadian but I can almost promise this is gaslighting
@maggiemacaskill1037
@maggiemacaskill1037 Месяц назад
Thank you. I haven't been on vacation in ten years. I'll save by cutting down on vacations...
@JJJohnson441
@JJJohnson441 Месяц назад
Then your opinion doesn't really matter does it?
@JackieBillyTom
@JackieBillyTom Месяц назад
@@JJJohnson441 yours doesnt either
@snipe18leafs
@snipe18leafs Месяц назад
bills are still high, groceries are still high, mortgage rates are still high. should I go on 😑
@vasilytanygin
@vasilytanygin Месяц назад
you salary is still low. At least something is not growing these days....
@snipe18leafs
@snipe18leafs Месяц назад
@@vasilytanygin wow nice come back, and how would you know what I make in a year. if you must know I have been in the healthcare industry for the past 14 years so think I make a pretty good salary
@shauncameron8390
@shauncameron8390 Месяц назад
The size of government is high.
@JackieBillyTom
@JackieBillyTom Месяц назад
@@snipe18leafs I dont think he was attacking you
@nicolasbenson009
@nicolasbenson009 23 дня назад
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
@berniceburgos-
@berniceburgos- 23 дня назад
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
@tatianastarcic
@tatianastarcic 23 дня назад
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@Michaelparker12
@Michaelparker12 23 дня назад
Would you be willing to suggest a trusted advisor you've worked with?
@tatianastarcic
@tatianastarcic 23 дня назад
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@BridgetMiller-
@BridgetMiller- 23 дня назад
I checked Melissa up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
@harrybatth007
@harrybatth007 Месяц назад
Because things are still expensive, salaries are struggling, no savings
@jamest6712
@jamest6712 Месяц назад
Maybe because inflation rate slowing has no impact on us. Prices are still stupid high. My rent is disgusting, why wouldn't we be stressed out?
@dsab381
@dsab381 Месяц назад
No, the inflation rate absolutely does have an affect on us. If it stayed at 8% then things would be even more expensive. Your rent would be even higher.
@georgesimon6041
@georgesimon6041 Месяц назад
@@dsab381 Get a job
@dsab381
@dsab381 Месяц назад
@@georgesimon6041Sick burn, bro. You rule at political debate.
@EndofDays-7777
@EndofDays-7777 Месяц назад
They do think we're fools.
@anthonypapp6349
@anthonypapp6349 Месяц назад
YES
@mrofnocnon
@mrofnocnon 26 дней назад
Liberals always have that attitude in relation to everyone else! So yes they think we are fools!
@ZenCorvus
@ZenCorvus Месяц назад
Inflation cooling doesn't mean low prices, goofballs
@C.J.T49
@C.J.T49 Месяц назад
They don't understand the difference between disinflation and deflation
@LinuxAvali
@LinuxAvali Месяц назад
inflation is cooling simply means cost are going up slower, NOT that they are coming down. It's not rocket science. also the audacity of this video to say we should cut back on vacations or subscriptions? It's not us who don't know how to manage our money. People are surviving out there, not living, all while companies are reporting record profits.
@Sam19509
@Sam19509 Месяц назад
Many people can cut booze & cigarettes from their budget. Drive less and take public transit or bike more.😂
@892303001
@892303001 Месяц назад
Maybe because wages aren't keeping up with the cost of living. Food and shelter pricing is out of control. You know, the stuff you need to live
@mrofnocnon
@mrofnocnon 26 дней назад
If you are a senior, PENSIONS DON'T AND WILL NOT GO UP EITHER!
@Maxmulham
@Maxmulham Месяц назад
"Inflation is cooling" ... ummm. What??? Canadians will remain stressed unless prices go down.
@1ABNDT
@1ABNDT Месяц назад
🤣😂sure GoebbelsNews, is that what the PMO office told his MSM presstititutes to repeat. "Sunny ways"
@anthonypapp6349
@anthonypapp6349 Месяц назад
Canadians are stressed out because the damage is done, wages are stagnant and have been for sometime, the cost of living is through the roof, sad part is there is no end in sight.
@jimidcanada
@jimidcanada Месяц назад
Because we are still paying twice as much on everything as we did a few short years before!
@roses5197
@roses5197 Месяц назад
Inflation cooling?????? Really????? By bills and food are still increasing. Nothing g cool about that! Are they comparing from one day ago?
@Theoxuesu
@Theoxuesu Месяц назад
Is this an out-of-season April's Fool joke?
@maggiemacaskill1037
@maggiemacaskill1037 Месяц назад
Prices never went down, just up alarmingly quickly then slowing down. It's still prices going up, then up again
@user-eo1vz9lt8g
@user-eo1vz9lt8g Месяц назад
Rent prices have what,,, doubled or tripled in 10 years and then you have to worry about renoviction, something that wasn't an issue 20 years ago, almost 60 now and never seen Canadians so glum
@semiramis47
@semiramis47 Месяц назад
Overall inflation may be slowing, but the things that I spend most of my money on groceries, rent, and utilities are still rising ... if more slowly, I'm not seeing it.... and the big kicker is my income is not rising at all to meet even slower inflation ... Thank you NDPLIB government for the only thing that does seems to be lowering-my standard of living.
@C.J.T49
@C.J.T49 Месяц назад
Because disinflation is not deflation. Do your research Global
@user-my9ne4tj9w
@user-my9ne4tj9w Месяц назад
Pubs are still full of people. Something is not adding up here.
@user-my9ne4tj9w
@user-my9ne4tj9w Месяц назад
@Rocksteady246 the point is lots of Canadians have disposable income and are not stressed out as the media keeps pushing in their news.
@davidlopan9614
@davidlopan9614 Месяц назад
Gaslighting 101.
@TheDexter50
@TheDexter50 Месяц назад
Why do we even have federal government? Or a provincial government ? That lacks accountability for Canadians citizens they are the problem not us as citizens the governments have a really bad big problem on their hands and the dilemma is they really crapped on most Canadians future’s young and old are now living in a really bad place because of a government policy that really hurt not help we should abolish government in Ottawa and most provinces do they really care about the old people or young adults no they really care about their bottom line they live in a bubble of tone deaf government officials. Canadians pay real high on everything and get less and Less not everybody make 60,000 to 100,000 in Canada and the government in some way feels they dictate what CBC puts on TV Because the CBC doesn’t really go hard on the Canadian government most of the time it shows is it because of government money and producers that have the last say on it not the anchor. Why trust any body in CBC or any body in government to be honest or real do they really have any integrity or the respect? Of Canadians I do not thing so. Just my opinion.
@patrickcowan8701
@patrickcowan8701 Месяц назад
Bought some nails six months ago.$37 Now $50 dollars. We use nails to build houses etc. there's no inflation.
@TheBHAitken
@TheBHAitken Месяц назад
If you work in an office your job can and will be replaced by AI in the next three to five years at a cost of about $5000 a head.
@NewKidRamZ
@NewKidRamZ Месяц назад
i haven't see one item lower in price
@C.J.T49
@C.J.T49 Месяц назад
Because we are experiencing disinflation. For prices to go lower we would need to experience deflation
@JS-jh4cy
@JS-jh4cy Месяц назад
FJT and freeland are why Canadians so stressed out
@govegan6112
@govegan6112 Месяц назад
I think this Liberal Gaslighting is what stresses me out the most. All is NOT well..
@Crazy_World_4_You
@Crazy_World_4_You Месяц назад
Because there are no jobs left for Canadians and International students have taken over all the jobs .
@Theauthenticmindset
@Theauthenticmindset Месяц назад
This is how stupid liberal mainstream media think Canadians are. Be offended.
@Douglas_Blake_579
@Douglas_Blake_579 Месяц назад
We're all stressed out because we know the big corporations will use this as a chance to make more profits and prices won't go back down where they belong.
@olivur_1459
@olivur_1459 Месяц назад
Have you not been paying attention to the Housing Crisis?? People can't afford these crazy asking rents in most of Canada...
@Douglas_Blake_579
@Douglas_Blake_579 Месяц назад
Do a search for "The 165 Ontario Story" ... or "The165" .... It's amazing what landlords are getting away with.
@briellehunter3290
@briellehunter3290 Месяц назад
Anyone else notice that huge drop in fuel, mortgages, rent, food, bills, etc? Nope, me neither.
@Xscape128
@Xscape128 Месяц назад
Yes 10$ for a bag of tangerines is cooling
@R_Mcfadden
@R_Mcfadden Месяц назад
Global 🤦🏻
@greghallberg4182
@greghallberg4182 Месяц назад
A significant factor is that accomodation in this country is treated as a commodity. Of course predatory capitalists will seize upon this cynical "opportunity" 👍😈😆 I wonder how many residential properties multi-millionaire has owned? No single financial burden is more onerous and profound to the renter's in Canada that the cost of housing.
@Sam19509
@Sam19509 Месяц назад
The current PM does not own his own home he sold it and was a renter after he became Liberal Leader and then PM moving into Government funded Housing. The Opposition Leader also lives in Government funded housing but still owns his own private residence and multiple rental properties between himself and his wife. This guy is contributing to the Housing crisis and pretending he will be the one to fix it just to secure votes.
@jeremynewell9903
@jeremynewell9903 Месяц назад
When "hobbies" is mentioned, reading books is probably the cheapest hobby anyone could ever have.
@DLG24
@DLG24 Месяц назад
I know: Justin Trudo
@JackieBillyTom
@JackieBillyTom Месяц назад
lol "cooling" being a relative term
@groovyengineer
@groovyengineer Месяц назад
The car isn't rolling down the cliff on fire as fast anymore. its fine now
@BrenTOR
@BrenTOR Месяц назад
this title is hilarious
@JA-mq9ti
@JA-mq9ti Месяц назад
My car insurance just increased by $300 a year..
@ArenAurelius
@ArenAurelius Месяц назад
Ask Canadians on the street about Inflation. They are *The Real Experts*.
@funkopopssmoked
@funkopopssmoked Месяц назад
Because prices are stupid high and prices need to be lowered not keep going up everything is maxed out its ridiculous
@NewBrunswickblue-bluecollar
@NewBrunswickblue-bluecollar Месяц назад
Cut some weight in parliament and reduce my bills that way. The roads, healthcare and economy is the worst I’ve ever seen it.
@workstationmark4103
@workstationmark4103 29 дней назад
Houses have doubled in price in 10 years,that means 10% per year,it is metric
@shakyjake2133
@shakyjake2133 Месяц назад
Inflation is cooling! Can you gaslight any harder? It's cooled, alright. Right at the top of the cost of living scale. Meanwhile, wages have remained consistent, so there's that. A 60,000 annual salary 10 years ago went a hell of a lot further than it does now - if you can even make ends meet with it. Yet you have to ask the question why Canadians are stressed out? I wonder how much the carbon tax will go up this summer to help Justin pay for another vacation and to make sure we will own nothing and be happy?
@patthemens
@patthemens Месяц назад
Its not cooling at the grocery store, power plant and gas pump.
@ilyame2319
@ilyame2319 Месяц назад
We need higher carbon tax! That's the answer. 😀
@Progressive_Canadian
@Progressive_Canadian Месяц назад
The perpetual struggle of the Canadian working class. Every month, it's the same story: households struggling to make ends meet, layoffs, and contract cuts. But let's not sugarcoat it, this isn't just a result of "economic circumstances" or "market fluctuations." No, this is a direct consequence of corporate greed and the failures of capitalism. Companies are "struggling with higher costs of doing business"? Please. They're struggling to maintain their profit margins, that's what they're struggling with. They're willing to sacrifice their employees' livelihoods to ensure their shareholders continue to reap the benefits. It's a classic case of putting profits over people. And don't even get me started on the so-called "soaring inflation." Who benefits from inflation? The wealthy, of course. They're the ones who own the assets that increase in value as prices rise. Meanwhile, the working class is left to foot the bill, struggling to afford the basics like housing, food, and healthcare. And what's the response from our government? More of the same neoliberal policies that got us into this mess in the first place. They're "designing" borrowing costs to slow spending, as if the problem is that people are spending too much, rather than that they're not earning enough. It's a classic example of blaming the victim. But let's be real, this is what capitalism is designed to do. It's a system that rewards greed and exploitation, where the pursuit of profit is the only goal that matters. And we're seeing the consequences of that play out in real-time. It's time for a change. It's time for a progressive government that puts people over profits. We need policies that prioritize the well-being of the many over the wealth of the few. We need a system that recognizes the value of workers and rewards them with a living wage, rather than treating them as disposable commodities. So, let's not buy into the myth that this is just an economic downturn. Let's call it what it is: a failure of capitalism, and a result of corporate greed. It's time for a new way of doing things, a way that puts people first.
@stephanienguyen6992
@stephanienguyen6992 Месяц назад
500% House Prices 0.2% Salary Increases Costs 80% highet WHO CARE INFLATION GO 1:50 UP UP UP
@ting280
@ting280 Месяц назад
well it has to finish cooling first. it's like yea the pot is cooling, but it still burns to the touch.
@georgesimon6041
@georgesimon6041 Месяц назад
2.7 is not close to 2 and not acceptable. FJT
@andg5194
@andg5194 Месяц назад
huh? kind dumb question isn't it? because it takes time for it to trickle down to actual price on the selves?
@lominiski
@lominiski Месяц назад
Trudeau and Freeland has raised the minimum wage a few times that I have exported the admin part of my busines to the Filippines. It only cost Cad$8,000 per year for a staff. And there is no rent needed. In an era of work from home, I have work from outside Canada and outsourced too. ....the beauty of the digital age. Rent and labour is too expensive. The only thing here is a market.
@TT-fq7pl
@TT-fq7pl 27 дней назад
That's not beauty. That's greed and corruption.
@a_t_f2869
@a_t_f2869 Месяц назад
Inflation in relation to prices dropping isn’t what happens. Just means government spending and money printing have slowed down. Rate and inflation will remain elevated for the forseable future
@ian2487
@ian2487 28 дней назад
Atleast you got to stay at home with pay during the pandemic. 😂
@saxonthegermanshepherd2809
@saxonthegermanshepherd2809 Месяц назад
🤣🤣🤣@ thumbnail
@jyhluk
@jyhluk 27 дней назад
Thanks for gaslighting
@drewski-qu3co
@drewski-qu3co Месяц назад
I love the cut back on hobbies and they show someone reading. Yep library card is $20/year...guess it's that and not the $3k/month mortgage payment.
@MS-ii1sv
@MS-ii1sv 28 дней назад
If you can't afford it have you tried selling your kidneys?
@yutubeNatziRegime
@yutubeNatziRegime 29 дней назад
These news: horse manure.😊
@shobhitdixit991
@shobhitdixit991 Месяц назад
Well one reason is, people forget to stay in their means. When borrowing was cheap they bought things they didn't need. And now they are struggling to pay for it! 😊
@dadullahbakhshi5263
@dadullahbakhshi5263 Месяц назад
It's not true because of practice that we see that. In fact we see different.
@TBA-zv9qt
@TBA-zv9qt Месяц назад
Because Trudie is still in office
@TT-fq7pl
@TT-fq7pl 27 дней назад
Why feminize his name? I don't get it. Are you attracted to him? So many Conservative men call him Trudie or Justine. What's up with that?
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