Affordability will remain a top political issue in 2024 after inflation stalls in latest CPI report, say observers

With inflation holding at 3.1 per cent, the Bank of Canada may wait until the summer to start cutting interest rates, instead of starting as early as the spring, said business prof Ian Lee.

Mortgage renewals in the year to come are set to cause voters 'enormous financial pain' on the eve of the next election, and that presents 'a real problem' for the government of Prime Minister Justin Trudeau, said pollster Greg Lyle.The Hill Times photograph by Andrew Meade

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BY IAN CAMPBELL

December 20, 2023

The final CPI numbers for the year indicate that affordability and interest rates will remain key political and policy issues in 2024, say observers.

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