Some of the scheduled cost of living increases and inflationary pressures will affect fuel, beer, lettuce and parking
On April 1 the federal government will adjust its inflation-based federal excise tax that applies to beer, wine, spirits and cannabis by 6.3 per cent. Due to an unusually high rate of inflation this is the largest increase in over 40 years.
The tax hike has drawn fire from the beer and hospitality industries and others. A majority of MPs recently voted for a non-binding motion which calls on the “government to cancel its April 1, 2023 tax increase on beer, wine and spirits.”Lettuce prices are set to rise next month and could stay high into the summer. California’s Salinas Valley, that produces most of North America’s leafy greens, has seen severe rain and storms since the start of 2023, which is impacting production.
“The cost of living is rising, so we’re making sure that wages keep going up too. We’re looking after workers, because that’s how you grow the economy and create more prosperity for everyone,” said federal Minister of Labour Seamus O’Regan.On March 8, the Bank of Canada reported the labour market remains very tight with unemployment near record lows and high job vacancy rates.
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