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Jamal514
In high demand
i don't think it means you get off might land you manslaughter. it's still crash dummy time, don't get it twistedit's demon time
Nearly half of all Canadians say that they are finding it difficult or very difficult to feed their families amid spiralling inflation that has sent grocery bills skyrocketing, a new survey has found.
The Angus Reid Institute surveyed 1,992 Canadian adults who are members of the Angus Reid Forum about their household finances and what they believe the Bank of Canada should do in response to a rate of inflation which is now at a 31-year high.
It found that 49 per cent of respondents now report finding it difficult or very difficult to feed their families due to food prices that rose 8.7 per cent year-over-year in March.
That number is up from only 36 per cent the last time Angus Reid conducted a similar survey in April, 2019.
It also appears that Canadians have an increasingly pessimistic outlook when it comes to their finances.
The survey found that 36 per cent of respondents reported being in worse financial shape than one year ago, compared to 24 per cent who said that their finances had improved over the last 12 months. Another 39 per cent said that their finances were about the same, despite the rising cost of living.
The proportion of respondents who believed their financial situation would be worse one year from now (28 per cent) also exceeded those who believed it would improve (24 per cent). While a plurality of respondents still felt their financial situation would be about the same (38 per cent) , Angus Reid said that the number of Canadians who anticipate a deterioration in their financial situation represents a “peak in financial gloom for Canadians” since 2010.
The results were particularly pronounced among those who said that they were “struggling” with the cost of living.
Among that group, 63 per cent said that they expected to be worse off financially a year from now and only six per cent expected their situation to improve.
“In the first two years of the pandemic, financial optimism outweighed pessimism at this time of year. Now three-in-ten believe they will be in a worse position financially next year,” a release accompanying the survey results notes.
What should Bank of Canada do?
While the Angus Reid survey found that a significant proportion of respondents are struggling with the cost of living, there was little consensus on the course of action that the Bank of Canada should take as it aims to bring inflation under control.
However, the plurality of the respondents (45 per cent) to the Angus Reid survey said that they would like to see the bank’s key overnight lending rate kept at one per cent for now, until it becomes clear how several recent hikes will affect inflation. Another 27 per cent of respondents said that they would like to see the bank continue to raise rates to battle inflation while 13 per cent said they would like to see rates lower to protect the housing and investment markets. A further 15 per cent were unsure about the best course of action.
Support for raising rates further was highest among households with an annual income of $100,000 to $150,000 (34 per cent) but much lower among the lowest income households (16 per cent).
There was also a bigger appetite for more rate hikes among the youngest respondents, between the ages of 18 and 34.
Approximately 34 per cent of that group said that they support further increases compared to only 24 per cent of the oldest Canadians (55 and up).
“The impact of rising interest rates will be felt by Canadians on their mortgages, whether they are on a variable rate or looking to renew their fixed rate mortgages,” the release notes.
The survey was conducted between May 4-6 among a representative sample of Canadian adults who are members of the Angus Reid Forum.
The pollster says that a probability sample of this size would typically carry a margin of error of 2.5 percentage points, 19 times out of 20.
Bushmaster69
Superstar
Naw. Both YUL and YYZ seem to be running ok now.
Went threw both of them in the last 2 weeks.
Man I’m in london now such a world clsss city
I can stay in the hotel in the burbs and have a train station across the city takes me to central london in 20 minutes
I can stay in the hotel in the burbs and have a train station across the city takes me to central london in 20 minutes
reddit says he might walk before trial. one of his co-accused had his charges 'stayed'. truuth is this bid might save his life. reddit says this summer about to be demonic for toronto rappers.
Black Mamba
Superstar
Quebec fukking baby boomer french fukks I’m fully billingual but I ain’t never speaking french in that piece of shyt province again fukking CACbec
what happened breh?
Black Mamba
Superstar
If it wasn’t for wifey I would’ve ditched this shythole as soon as I graduated university in 2019
