4min chapter

The Loonie Hour cover image

Canadian Wages are Dropping at an Alarming Pace

The Loonie Hour

CHAPTER

The CMHC Command's Report on Wage Growth

Housing starts in Canada are down from 300,000 a year ago to about 230,000. The Bank of Canada is trying to reduce aggregate demand for the country by cutting jobs and spending. But when you just have an incredible amount of people enter in an economy, that's like the it's that's a very inflationary inflationary impulse.

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