Canadain Diary Commission just announced last night " Dairy farmers will get 8.4% more for their milk, more than 12% for butter starting February 12, 2022"
Please note this is just an input price raise. Milk, butter, yogurt retail prices will likely skyrocket in the new year.
Last Wednesday, Bank of Canada governor Tiff Macklem announced to end stimulus the QE program and moved the possible raising interest rate from the later 2023 to April -- September 2022.
Should we get a raise for the higher cost of living? or find a new job then quit like our American cousins?
This is how inflation can spiral out of control, and of course, the central banks do nothing, let inflation erodes our standard of living, and reduces government debt relative to GDP.
Please note this is just an input price raise. Milk, butter, yogurt retail prices will likely skyrocket in the new year.
Last Wednesday, Bank of Canada governor Tiff Macklem announced to end stimulus the QE program and moved the possible raising interest rate from the later 2023 to April -- September 2022.
Should we get a raise for the higher cost of living? or find a new job then quit like our American cousins?
This is how inflation can spiral out of control, and of course, the central banks do nothing, let inflation erodes our standard of living, and reduces government debt relative to GDP.
最后编辑:
