A reduction in child\u002Dcare fees isn\u0027t big enough to offset surging fuel, food and shelter costs. Find out more.
“Our answer to inflation, for example, is what we fought on in the last election, which was $10-a-day child care right across the country. And that’s one of those things that we actually are delivering right now,” TrudeauThe prime minister was reaching; the weight of child care in the broader price basket isn’t big enough to offset surging fuel, food and shelter costs.
The shift shows that even though inputs — wages, materials, and goods — across the economy are becoming more expensive, the prices that parents pay for child care are going down, said Gordon Cleveland, a retired economics professor at the University of Toronto who focuses on child care. Morna Ballantyne, executive director at Child Care Now, a non-profit advocacy group, said she speculates the 50-per-cent target was chosen because the system overall needed time to adjust. Going straight to $10 a day would have been “too dramatic of a drop,” she said.Article content
Armine Yalnizyan, an economist, said the program never should have been put forward as a weapon in the current fight against inflation. Still, it “
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