Canadian inflation jumps in July, raising prospect of another interest rate hike

[CdnFox]

3 minutes ago, eyeball said:

Nope. I said you believed he had the power to.

LOL - you know i didn't   Looks like you've cracked for the evening yet again   Poor kid

Well folks there you go - his mind got so tired from trying to keep track of his lies and from avoiding the fact he votes for justin that he's done' gone tarded for the night.  The liberal mind - it's an amazing but delicate thing  

[eyeball]

2 minutes ago, CdnFox said:

LOL - you know i didn't

Ah so you were lying like everyone else who said Canada was a dictatorship under a tyrant's rule. 

 

[CdnFox]

3 minutes ago, eyeball said:

Ah so you were lying like everyone else who said Canada was a dictatorship under a tyrant's rule. 

 

I didn't actually say that   So.. i guess no?

 

[eyeball]

18 minutes ago, CdnFox said:

I didn't actually say that   So.. i guess no?

Oh you people certainly said it, agreed with and spread it around at every opportunity. PP has flirted with catering to it but I suspect that's going to change now that he's starting to draw in ordinary Canadians and you dingbats start becoming  liabilities.   

[CdnFox]

21 minutes ago, eyeball said:

Oh you people certainly said it, agreed with and spread it around at every opportunity. PP has flirted with catering to it but I suspect that's going to change now that he's starting to draw in ordinary Canadians and you dingbats start becoming  liabilities.   

oh now it's not ME - It's YOU PEOPLE!    So when you said that =I=  said it,  what you REALLY meant was that I didn't say it at all and you were lying, that instead my PEOPLE said it.      Because apparently i have people now

And no - none of "My People" said justin sent tanks to the convoy nor did anyone else.  (I feel just like moses right now - Let my people Go and stop sending tanks!!!! )  

And my me my - such language young man   

Maybe that's enough internet for today - you're starting to foam at the mouth a little     You shoudln't get so worked up and confused.  You realize everyone can see this right?  LOL - god you're hilarious to watch  

[Moonbox]

7 hours ago, CdnFox said:

The economists agree with me entirely.

No muppet, they definitely don't.  ?

7 hours ago, CdnFox said:

In the 2021 - mid 2022 (the date fo the report) HALF of the inflation was from external sources, and HALF was from trudeau's policy dealing with issues that other countries also wrestled with .

The report was dated December 5, 2022.  It doesn't take six months to get econ data.  You can squirm and bullshit all you want, but this is just more of your clueless partisan natter   

a.      Around 50% of the increase in inflation observed since the end of 2019 can be ascribed to global or foreign factors. These include US inflation, commodity prices and movements in the exchange rate.

b.     Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.inflation-reports.causes-of-inflation--december-5--2022.html

Dig your heels in harder, muppet.  Show us more of your belligerent foolishness.  

Edited August 29, 2023 by Moonbox

[CdnFox]

1 hour ago, Moonbox said:

No muppet, they definitely don't.  ?

oh dear - are you getting upset to the point youv'e reached the name calling stage again?    They absolutely do, sorry.

The report was dated December 5, 2022.  It doesn't take six months to get econ data.  You can squirm and bullshit all you want, but this is just more of your clueless partisan natter   

Yeah - it does.  the "econ data" isn't published till  later the next month or the month after depending on the data.

THEN it takes time to analize it and write and publish a report.

So the data is from August - September.  But hey - probe me wrong and show when the data is from in the report.

Quote

a.      Around 50% of the increase in inflation observed since the end of 2019 can be ascribed to global or foreign factors. These include US inflation, commodity prices and movements in the exchange rate.

Which means the OTHER 50 % CANNOT BE ASCRIBED to GLOBAL OR FOREIGN FACTORS

So the rest were within Trudeau's control.  Sooo how much would that be again?

 I know you suck at math - but even THAT should be within your capabilities.

But like a limp leftie goldfish you just keep repeating the same lies to yourself over and over desperately hoping it will change.

 

And today as per the Scotiabank report due to trudeau's overspending and refusal to cut spending more than 50 percent of the interest/inflation problems we have are directly his fault.

Quote

In our macro model, a fall of Canadian government expenditures in goods and services decreases the output gap and, therefore, inflation. Consequently, the Bank of Canada would need to tighten its policy rates by less to achieve the same path of inflation if governments persistently reduce their consumption expenditures
(chart 1)

LOL  - fail harder kiddo   Inflation/interest is justin's fault at this point.

[ExFlyer]

10 hours ago, Army Guy said:

Your sources are confusing, you have 3 sources saying carbon prices are not inflationary... and the Bank of Canada governor saying they are,  and the financial post article destroys everything the other 3 are sayin...

Some of the articles are old and outdated, for instance carbon tax is already at 14 cents, the new clean fuel tax adds another 17 cents, and the soon to be clean energy tax is yet to be posted....People are not curtailing driving, eating or getting services...in fact it has all increased. As suggested by the slight rise in our GDP figures.

Then factor in the need to make a profit and shit rises quickly...diesel fuel is now at 2.00 a liter, with gas at 1.91, here in NB, thats a 30 cents plus rise in 3 weeks ... So my question is this, how could it not be inflationary, please someone explain this to me....  if everything comes by road or plane, we can very clearly see that every product consume and every service given has gone up by atleast 30 to 40 cents...

Then some of your articles are blaming the fall of wages, i mean really, just the worker shortage has seen companies not only offering more than fair wages but benefits as well, i'd be interested to see what industry is facing wage decreases....  this year has been a record year for strikes everyone demanding wage increases, and getting them, so how it questions their conclusions.

The whole conclusion sounds a like a huge deflection, trying to make a sh*t sandwich smell good, when our taste buds are defiantly screaming taste like shit...

Perhaps it is just me, not having a clue about economics...

None of the links ever said carbon taxes were not contributors to inflation.

The point of the links was to indicate that carbon taxes were not the primary and not the greatest part or reason of inflation as some claim.

 

Edited August 29, 2023 by ExFlyer

[ExFlyer]

10 hours ago, Army Guy said:

Just a comment, who would we blame for all our emergency supply being outdated thrown out but never replaced, plus what about our critical medication manufacture ability...not to mention our very limited ability to produce vaccines...nobody was expecting the covid crises i get that but it is the government responsibility to atleast be some what prepare...shit we even have a minister for it, I'm sure there are a lot of things the government dropped the ball on...but to say Justin fingers are not dirty is not true, he may not own the entire cluster F*ck but they did have some responsabilty in it all

COVID caught the world by surprise. Canada was not alone in it's shortfalls.  Much of Canada's issues were ones we caused by selling off capabilities to foreign countries.

We have been selling off our capabilities for decades, by all political parties. We have a;lowed ourselves to be consumers and not manufacturers. We offer services, not products.

Yes, the PM and his ministers really f*cked up and reacted too slowly and by the time they figured some of it out, we were last in line for almost everything we needed.

But, COVID is over (well, sort of) and lets get on with it and stop living in and blaming the past.

[CdnFox]

2 hours ago, ExFlyer said:

The point of the links was to indicate that carbon taxes were not the primary and not the greatest part or reason of inflation as some claim.

 

That is a true statement, and the causes for inflation changed from the initial increase which was to be "transitory" and the long term inflation/interest issues we've faced.

But it is actually more of a factor that many including the BoC give it credit for. The BoC generally doesn't take into account that unlike gst and such it's a compounding tax. It stacks on itself and gets charged on itself as items go through the supply process.  For that matter - they didn't take into account that the gst is charged on the tax when it hits the end user

But right now the biggest causes for inflation/interest hikes (you cant' seperate them, they offset each other) is gov't spending and supply shortages (mostly housing)  caused by increasing population (which means immigration at the moment).  The carbon tax, the payroll taxes etc, the other various factors  all add up but none are as huge as those two.

[CdnFox]

1 hour ago, ExFlyer said:

But, COVID is over (well, sort of) and lets get on with it and stop living in and blaming the past.

Dude - that "past" was less than a year ago. We still had travel restrictions this time last year.  We're still living with the fallout of the gov'ts decisions there.  And aside from the financial impacts the country is divided and angry like never before.

I think it might be a little too soon to blow it off as 'living in the distant bygone past' just yet  

[Moonbox]

6 hours ago, CdnFox said:

Which means the OTHER 50 % CANNOT BE ASCRIBED to GLOBAL OR FOREIGN FACTORS

b.     Supply challenges that largely reflect developments at the global level account for another 35% of the rise in inflation.

6 hours ago, CdnFox said:

So the rest were within Trudeau's control.  Sooo how much would that be again?

 I know you suck at math - but even THAT should be within your capabilities.

Math...yes.  Another 35% attributed to global developments (ie not under Trudeau's control).  That leaves hmmm...100-50-35=  15%, and even that couldn't be 100% attributed to him.

The moment you start trying to bring numbers into the debate is the moment you start embarrassing yourself.  You're just too belligerent and too stupid to back down after doing so.  

[ExFlyer]

31 minutes ago, CdnFox said:

Dude - that "past" was less than a year ago. We still had travel restrictions this time last year.  We're still living with the fallout of the gov'ts decisions there.  And aside from the financial impacts the country is divided and angry like never before.

I think it might be a little too soon to blow it off as 'living in the distant bygone past' just yet  

COVID protocols were over in November 2021. It is now close to 2 years later.

I said, as you linked,  "COVID is over (well, sort of) and lets get on with it and stop living in and blaming the past." not "distant bygone past".

Edited August 29, 2023 by ExFlyer

[CdnFox]

12 hours ago, eyeball said:

Nope. I said you believed he had the power to.

i never said that either   

Going in circles here big guy - you just keep spouting lies about what i said over and over   Looks like you didn't get much sleep last night

 

[eyeball]

1 minute ago, CdnFox said:

I never said that either

I did.

[CdnFox]

Just now, eyeball said:

I did.

But earlier you claimed i did.

Soooo - now YOU did but  what... it's my fault? 

Hey - if you think the PM had the power to send in tanks to the convoy protests then that's fine - that's your opinion. But you opinion is not my fault.   

[Aristides]

5 hours ago, ExFlyer said:

None of the links ever said carbon taxes were not contributors to inflation.

The point of the links was to indicate that carbon taxes were not the primary and not the greatest part or reason of inflation as some claim.

 

In BC. the provincial carbon tax on natural gas now exceeds the actual cost of the gas.

Cost of gas 3.159 GJ. Carbon tax 3.2384 GJ. Plus clean energy levy and GST.

Edited August 29, 2023 by Aristides

[eyeball]

7 minutes ago, CdnFox said:

But earlier you claimed i did.

So did you.

[ExFlyer]

20 hours ago, Aristides said:

In BC. the provincial carbon tax on natural gas now exceeds the actual cost of the gas.

Cost of gas 3.159 GJ. Carbon tax 3.2384 GJ. Plus clean energy levy and GST.

Sounds like a BC specific problem yet, the inflation rate is Canada wide. 

Arguing with me is fruitless and moot. I am not an economist and did not write the reports. I am sure that you are also not an economist and do not have access or the information the reports authors have. But hey, your politics make you right LOL

Edited August 30, 2023 by ExFlyer

[CdnFox]

50 minutes ago, eyeball said:

So did you.

No i didn't  

You're like listening to abbot and costellos' who's on first but you're somehow dumber than costello

 For the  last time. 

Trudeau never sent tanks to the protest. Stop saying he did.

Nobody other than you ever claimed trudeau sent tanks to the protest, stop claiming they did.

Nobody other than you claims he had the power to send tanks to the protest, so stop claiming they do,

Justin is responsible for most of our inflation/interest rates.  stop trying to defend him just because you support him.

 

[eyeball]

Just now, CdnFox said:

Trudeau never sent tanks to the protest. Stop saying he did

I didn't.

[herbie]

Oil prices didn't go up. Taxes didn't go up. Cdn dollar didn't go down.
But gas prices are at the highest level of this year.

Because the long weekend is coming and they can charge whatever they want. That is perfectly acceptable and normal and vital to a free enterprise economy, so it's just fine and not inflationary.
Grocery prices are up because costs are up and they haven't raised their profit markup at all, so that can't be inflationary.

Trudeau is the one causing inflation.
So say those who failed math....

[Nationalist]

On 8/29/2023 at 1:40 AM, CdnFox said:

oh now it's not ME - It's YOU PEOPLE!    So when you said that =I=  said it,  what you REALLY meant was that I didn't say it at all and you were lying, that instead my PEOPLE said it.      Because apparently i have people now

And no - none of "My People" said justin sent tanks to the convoy nor did anyone else.  (I feel just like moses right now - Let my people Go and stop sending tanks!!!! )  

And my me my - such language young man   

Maybe that's enough internet for today - you're starting to foam at the mouth a little     You shoudln't get so worked up and confused.  You realize everyone can see this right?  LOL - god you're hilarious to watch  

And with this, I think it's time to thank you.

You have a very broad and detailed understanding of Canadian politics. Much more than I and way more than those you make look stupid on a daily basis.

So thank you sir...for being honest and true to yourself.

Edited August 30, 2023 by Nationalist

[ExFlyer]

15 hours ago, herbie said:

Oil prices didn't go up. Taxes didn't go up. Cdn dollar didn't go down.
But gas prices are at the highest level of this year.

Because the long weekend is coming and they can charge whatever they want. That is perfectly acceptable and normal and vital to a free enterprise economy, so it's just fine and not inflationary.
Grocery prices are up because costs are up and they haven't raised their profit markup at all, so that can't be inflationary.

Trudeau is the one causing inflation.
So say those who failed math....

The daily up and down of gasoline prices has been a bone stuck in the throats of Canadians for decade upon decade.

This is not a one party political issue but a Canadian problem endured and validated by every party in power and absorbed by the Canadian public.

 

 

Edited August 30, 2023 by ExFlyer

[Aristides]

19 hours ago, ExFlyer said:

Sounds like a BC specific problem yet, the inflation rate is Canada wide. 

Arguing with me is fruitless and moot. I am not an economist and did not write the reports. I am sure that you are also not an economist and do not have access or the information the reports authors have. But hey, your politics make you right LOL

May be so but how can more than doubling the price of something with taxes not be inflationary?