Tariffs and Economic Consequences

<p>The Bank of Canada cut interest rates again this week. Economists say wages are up, inflation is on target and the stock market is in the green.</p><p><br></p><p>But most everyday Canadians are living a very different story. One of insanely high grocery prices, impossible housing costs and a suffocating economic squeeze.</p><p><br></p><p>Recently, Canadian finance minister Chrystia Freeland announced a temporary GST holiday on a bunch of stuff to give relief to people feeling the pinch.</p><p><br></p><p>But she went on to muse that the economic pain people were feeling might be the result of a "vibecession". Think recession – but you know – only in your head.</p><p><br></p><p>Today, so are we in a 'vibecession'?&nbsp;</p><p><br></p><p>Economist Armine Yalnizyan is our guest.</p><p><br></p><p>For transcripts of Front Burner, please visit: <a href="https://www.cbc.ca/radio/frontburner/transcripts" rel="noopener noreferrer" target="_blank">https://www.cbc.ca/radio/frontburner/transcripts</a></p>