Should we worried about our weak Canadian dollar whipping up inflation?
_____________________________________________________________________
Federal government workers continued their strike for the seventh day today, affecting a wide range of public services from tax returns to passports. So how does this compare to past labour disputes between Ottawa and its employees so far? Today’s chart from National Bank shows that there have been five major strikes by federal civil servants since 1945. The number of workers that can strike in this walkout is lower than the 131,000 in 2004 but higher than the 75,000 in 1991.
This year, the public servants represent 0.6 per cent of Canada’s workforce, below the 0.8 per cent share in 2004. National Bank economists estimate that even if the strikers are out for 30 days the direct impact to gross domestic product would be about a 0.5 per cent hit — not enough to derail the economy.Article content
Victor Fedeli, Ontario’s minister of economic development, job creation and trade, will make a speech at the Economic Club of Canada in TorontoA key indicator on home prices in the United States is expected to post its first year over year decline since 2012 when it comes out today. The 0.4 per cent drop forecast for thewill put it 0.1 per cent below where it was a year ago. That’s a big change from the 20 per cent and higher gains recorded in early 2022, said Desjardins.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
Read more »
Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
Read more »
Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
Read more »
Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
Read more »
Posthaste: Albertans hit hardest by inflation as 'Alberta advantage' melts awayThe \u0027Alberta Advantage\u0027 is melting away as inflation rises and wage growth declines. Find out more
Read more »
Posthaste: Why worries about a weak loonie are overblownThe Canadian dollar is not as important to inflation as it once was, argue RBC economists. Find out why
Read more »