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

  Рет қаралды 5,718

Global News

Global News

Ай бұрын

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

Пікірлер: 119
@PulaskiSkater71
@PulaskiSkater71 Ай бұрын
I’m not Canadian but I can almost promise this is gaslighting
@maggiemacaskill1037
@maggiemacaskill1037 Ай бұрын
Thank you. I haven't been on vacation in ten years. I'll save by cutting down on vacations...
@JJJohnson441
@JJJohnson441 Ай бұрын
Then your opinion doesn't really matter does it?
@JackieBillyTom
@JackieBillyTom Ай бұрын
@@JJJohnson441 yours doesnt either
@alexiapucci4482
@alexiapucci4482 Ай бұрын
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 Ай бұрын
Just global gaslighting people as usual
@84Rabbitz
@84Rabbitz Ай бұрын
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 Ай бұрын
@@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 Ай бұрын
What polls? They're saying inflation went from 8% to around 2%. They didn't say it went negative lol.
@vkchaitanya2003
@vkchaitanya2003 Ай бұрын
Spot on seems like these liberals live in their own bubble
@nicolasbenson009
@nicolasbenson009 29 күн бұрын
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- 29 күн бұрын
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 29 күн бұрын
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 29 күн бұрын
Would you be willing to suggest a trusted advisor you've worked with?
@tatianastarcic
@tatianastarcic 29 күн бұрын
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- 29 күн бұрын
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.
@EndofDays-7777
@EndofDays-7777 Ай бұрын
They do think we're fools.
@anthonypapp6349
@anthonypapp6349 Ай бұрын
YES
@mrofnocnon
@mrofnocnon Ай бұрын
Liberals always have that attitude in relation to everyone else! So yes they think we are fools!
@snipe18leafs
@snipe18leafs Ай бұрын
bills are still high, groceries are still high, mortgage rates are still high. should I go on 😑
@vasilytanygin
@vasilytanygin Ай бұрын
you salary is still low. At least something is not growing these days....
@snipe18leafs
@snipe18leafs Ай бұрын
@@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 Ай бұрын
The size of government is high.
@JackieBillyTom
@JackieBillyTom Ай бұрын
@@snipe18leafs I dont think he was attacking you
@harrybatth007
@harrybatth007 Ай бұрын
Because things are still expensive, salaries are struggling, no savings
@892303001
@892303001 Ай бұрын
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 Ай бұрын
If you are a senior, PENSIONS DON'T AND WILL NOT GO UP EITHER!
@jamest6712
@jamest6712 Ай бұрын
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 Ай бұрын
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 Ай бұрын
@@dsab381 Get a job
@dsab381
@dsab381 Ай бұрын
@@georgesimon6041Sick burn, bro. You rule at political debate.
@ZenCorvus
@ZenCorvus Ай бұрын
Inflation cooling doesn't mean low prices, goofballs
@C.J.T49
@C.J.T49 Ай бұрын
They don't understand the difference between disinflation and deflation
@Maxmulham
@Maxmulham Ай бұрын
"Inflation is cooling" ... ummm. What??? Canadians will remain stressed unless prices go down.
@jimidcanada
@jimidcanada Ай бұрын
Because we are still paying twice as much on everything as we did a few short years before!
@anthonypapp6349
@anthonypapp6349 Ай бұрын
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.
@roses5197
@roses5197 Ай бұрын
Inflation cooling?????? Really????? By bills and food are still increasing. Nothing g cool about that! Are they comparing from one day ago?
@1ABNDT
@1ABNDT Ай бұрын
🤣😂sure GoebbelsNews, is that what the PMO office told his MSM presstititutes to repeat. "Sunny ways"
@maggiemacaskill1037
@maggiemacaskill1037 Ай бұрын
Prices never went down, just up alarmingly quickly then slowing down. It's still prices going up, then up again
@user-eo1vz9lt8g
@user-eo1vz9lt8g Ай бұрын
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
@LinuxAvali
@LinuxAvali Ай бұрын
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 Ай бұрын
Many people can cut booze & cigarettes from their budget. Drive less and take public transit or bike more.😂
@Theoxuesu
@Theoxuesu Ай бұрын
Is this an out-of-season April's Fool joke?
@user-my9ne4tj9w
@user-my9ne4tj9w Ай бұрын
Pubs are still full of people. Something is not adding up here.
@user-my9ne4tj9w
@user-my9ne4tj9w Ай бұрын
@Rocksteady246 the point is lots of Canadians have disposable income and are not stressed out as the media keeps pushing in their news.
@semiramis47
@semiramis47 Ай бұрын
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.
@davidlopan9614
@davidlopan9614 Ай бұрын
Gaslighting 101.
@C.J.T49
@C.J.T49 Ай бұрын
Because disinflation is not deflation. Do your research Global
@TheDexter50
@TheDexter50 Ай бұрын
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.
@JS-jh4cy
@JS-jh4cy Ай бұрын
FJT and freeland are why Canadians so stressed out
@govegan6112
@govegan6112 Ай бұрын
I think this Liberal Gaslighting is what stresses me out the most. All is NOT well..
@briellehunter3290
@briellehunter3290 Ай бұрын
Anyone else notice that huge drop in fuel, mortgages, rent, food, bills, etc? Nope, me neither.
@NewKidRamZ
@NewKidRamZ Ай бұрын
i haven't see one item lower in price
@C.J.T49
@C.J.T49 Ай бұрын
Because we are experiencing disinflation. For prices to go lower we would need to experience deflation
@Crazy_World_4_You
@Crazy_World_4_You Ай бұрын
Because there are no jobs left for Canadians and International students have taken over all the jobs .
@olivur_1459
@olivur_1459 Ай бұрын
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 Ай бұрын
Do a search for "The 165 Ontario Story" ... or "The165" .... It's amazing what landlords are getting away with.
@ArenAurelius
@ArenAurelius Ай бұрын
Ask Canadians on the street about Inflation. They are *The Real Experts*.
@TheBHAitken
@TheBHAitken Ай бұрын
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.
@patrickcowan8701
@patrickcowan8701 Ай бұрын
Bought some nails six months ago.$37 Now $50 dollars. We use nails to build houses etc. there's no inflation.
@Theauthenticmindset
@Theauthenticmindset Ай бұрын
This is how stupid liberal mainstream media think Canadians are. Be offended.
@Douglas_Blake_579
@Douglas_Blake_579 Ай бұрын
We're all stressed out because we know the big corporations will use this as a chance to make more profits and prices won't go back down where they belong.
@greghallberg4182
@greghallberg4182 Ай бұрын
A significant factor is that accomodation in this country is treated as a commodity. Of course predatory capitalists will seize upon this cynical "opportunity" 👍😈😆 I wonder how many residential properties multi-millionaire has owned? No single financial burden is more onerous and profound to the renter's in Canada that the cost of housing.
@Sam19509
@Sam19509 Ай бұрын
The current PM does not own his own home he sold it and was a renter after he became Liberal Leader and then PM moving into Government funded Housing. The Opposition Leader also lives in Government funded housing but still owns his own private residence and multiple rental properties between himself and his wife. This guy is contributing to the Housing crisis and pretending he will be the one to fix it just to secure votes.
@jeremynewell9903
@jeremynewell9903 Ай бұрын
When "hobbies" is mentioned, reading books is probably the cheapest hobby anyone could ever have.
@Xscape128
@Xscape128 Ай бұрын
Yes 10$ for a bag of tangerines is cooling
@groovyengineer
@groovyengineer Ай бұрын
The car isn't rolling down the cliff on fire as fast anymore. its fine now
@DLG24
@DLG24 Ай бұрын
I know: Justin Trudo
@NewBrunswickblue-bluecollar
@NewBrunswickblue-bluecollar Ай бұрын
Cut some weight in parliament and reduce my bills that way. The roads, healthcare and economy is the worst I’ve ever seen it.
@shakyjake2133
@shakyjake2133 Ай бұрын
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?
@georgesimon6041
@georgesimon6041 Ай бұрын
2.7 is not close to 2 and not acceptable. FJT
@workstationmark4103
@workstationmark4103 Ай бұрын
Houses have doubled in price in 10 years,that means 10% per year,it is metric
@JackieBillyTom
@JackieBillyTom Ай бұрын
lol "cooling" being a relative term
@JA-mq9ti
@JA-mq9ti Ай бұрын
My car insurance just increased by $300 a year..
@funkopopssmoked
@funkopopssmoked Ай бұрын
Because prices are stupid high and prices need to be lowered not keep going up everything is maxed out its ridiculous
@patthemens
@patthemens Ай бұрын
Its not cooling at the grocery store, power plant and gas pump.
@ilyame2319
@ilyame2319 Ай бұрын
We need higher carbon tax! That's the answer. 😀
@BrenTOR
@BrenTOR Ай бұрын
this title is hilarious
@stephanienguyen6992
@stephanienguyen6992 Ай бұрын
500% House Prices 0.2% Salary Increases Costs 80% highet WHO CARE INFLATION GO 1:50 UP UP UP
@R_Mcfadden
@R_Mcfadden Ай бұрын
Global 🤦🏻
@lominiski
@lominiski Ай бұрын
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 Ай бұрын
That's not beauty. That's greed and corruption.
@Progressive_Canadian
@Progressive_Canadian Ай бұрын
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.
@a_t_f2869
@a_t_f2869 Ай бұрын
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
@andg5194
@andg5194 Ай бұрын
huh? kind dumb question isn't it? because it takes time for it to trickle down to actual price on the selves?
@ting280
@ting280 Ай бұрын
well it has to finish cooling first. it's like yea the pot is cooling, but it still burns to the touch.
@jyhluk
@jyhluk Ай бұрын
Thanks for gaslighting
@ian2487
@ian2487 Ай бұрын
Atleast you got to stay at home with pay during the pandemic. 😂
@MS-ii1sv
@MS-ii1sv Ай бұрын
If you can't afford it have you tried selling your kidneys?
@drewski-qu3co
@drewski-qu3co Ай бұрын
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.
@saxonthegermanshepherd2809
@saxonthegermanshepherd2809 Ай бұрын
🤣🤣🤣@ thumbnail
@yutubeNatziRegime
@yutubeNatziRegime Ай бұрын
These news: horse manure.😊
@shobhitdixit991
@shobhitdixit991 Ай бұрын
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 Ай бұрын
It's not true because of practice that we see that. In fact we see different.
@TBA-zv9qt
@TBA-zv9qt Ай бұрын
Because Trudie is still in office
@TT-fq7pl
@TT-fq7pl Ай бұрын
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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