Real inflation is at least 6 times the official rate. They just eliminate the costly items from their basket. Things like food, housing, gas, taxes that have all gone up double digits in the last 6 months.
naked shorting allowance and abuse in canada has kept the market way below that of any others and especially the US. Canada is a haven for short sellersand the dark pools are the major culprits where they can trade in 1/2 penny increments something that you and me are prohibited.
This is all legalized manipulation plain and simple. Resource stocks in PM's are the hardest hit and gets worse.
Just look at the short trading activity report usually that comes the day after the reporting period on an easy to read CVS file. You will see that a great percentage of canadian stocks have a shorting activity well above 20 -25 %
Inflation isn't just a number: Study reveals Canadians are struggling with rising prices
Nine out of 10 say they are paying more for groceries, gas and shelter
Author of the article:
Jun 17, 2021 • Last Updated 4 hours ago • 5 minute read
More than nine out of 10 surveyed by Angus Reid say that over the past six months it has become more expensive to buy groceries. PHOTO BY JAMES PARK/POSTMEDIA
Inflation seems to be all we’re talking about these days.
What the Bank of Canada thinks about it, what the Fed thinks about it and perhaps most importantly to investors, what the market thinks about it.
We haven’t heard too much about what the average Canadian thinks about it, except maybe when lining up six feet apart in the grocery store checkout queue.
Until now. A new study by the Angus Reid Institute out this morning finds that just as we are about to emerge from 16 months of pandemic hell, Canadians are struggling with a side-effect of the ordeal — rising prices.
More than nine out of 10 surveyed by Angus Reid say that over the past six months it has become more expensive to buy groceries (92%), fill up their vehicle with gas (93%), renovate their home (96%) or buy a new one (95%). Buying a car? Seventy-two per cent noted higher prices, thanks to the global semiconductor chip shortage.
Across Canada, at least 83% of residents said home prices in their region went up over the past six months. And we’re not talking just Toronto and Vancouver. More people in rural areas reported rising home prices than urban ones, while Greater Montreal and Halifax reported the most intense increases in the country, said Angus Reid.
More than half of renters (56%) reported their rent had increased over the past six months, with virtually no one (1%) saying it had gone down.
Rising prices, along with on-again, off-again lockdowns, and an unemployment rate of 8.2% have taken a toll. Canadians surveyed were more likely to say they are worse off now (34%) than they were 12 months ago than to say they were better off (20%).
The survey shows the oil provinces of Alberta and Saskatchewan,have been hardest hit, where 45% and 43% of residents said they were worse off, respectively.
The pandemic has been especially tough on lower income earners, many whom have lost their jobs or are working less because of COVID-19 restrictions. In the survey, 46% of people making less than $25,000 said they were worse off, and 38% of people who make less than $50,000.
Nor do Canadian think rising prices will get better any time soon. Asked about the next six months, 85% say they expect groceries to get more expensive and 84% see gas continuing to go up. Four out of five expect little relief in the hot housing market.