Increasingly difficult to defend.
Is the Bank Of Canada themselves the root-cause of entrenched inflation due to wage inflation?
Arguably a $1,000 per month jump in the median CDN mortgage payment feels anything but transient. And it’s also the sort of thing vastly more likely to result in requests and approvals for wage increases than rising gas prices.
So what’s the real problem?
Is it still supply chain induced inflation?
Or is it Bank Of Canada shelter cost inflation run-wild?
