A look at inflation, banking, and monetary policy in Canada

There have always been conflicting objectives for the financial and monetary sides of the economy.

Prime Minister Justin Trudeau, left, and Finance Minister Chrystia Freeland stop for a photo before the 2024 budget is tabled in the House of Commons on April 16. A common misconception is that the Bank of Canada always follows the government around elections, but that perception that will eventually fade with time, writes Mehmet Dalkir. The Hill Times photograph by Andrew Meade

Opinion

BY MEHMET DALKIR

May 1, 2024

The absolute adverse effect of inflation is that it wipes out real earnings, reducing purchasing power for all Canadians. This is bad. Maybe more sinister than that is the relative effect. Inflation distorts relative income and expenditure between individuals. Inflation is m...

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