Rents dwarf minimum wage in every province. Rising interest rates aren’t helping
Rents dwarf minimum wage in every province. Rising interest rates aren’t helping
Minimum wage workers are increasingly unable to make ends meet in Canada's rental markets, a new report shows, a struggle only made worse by pressure from higher interest rates.
But raising interest rates is the only way Bank of Canada knows how to decrease inflation. It's obvious that the citizens are causing inflation that is hurting businesses. /s
I'm not sure what the /s is for. The Bank of Canada controls interest rates and nothing else. Changing interest rates is essentially all they do. And citizens are definitely the ones causing inflation, unless you believe military personnel are responsible somehow.
Consumers aren't causing inflation. Corporations are causing it. The issue isn't Canadians spending too much money on luxuries, they are spending too much on rent, groceries, and other necessities. Bank of Canada is kicking Canadians who are already struggling. What a giant fuck you to consumers. You are right, the government is responsible for not doing something about the corporate profits.
The beatings will continue until morale improves