Prime Minister Justin Trudeau said today the federal government must be “careful” moving forward not to implement programs and policies that will accelerate already-spiking inflation rates.
At a press conference in Ottawa, Trudeau said the government would “do what is necessary to support vulnerable Canadians as we move forward, taking into account inflation.”
“But also being careful not to do things that will accelerate or exacerbate the inflation crisis,” he added, saying Canadians are facing “real challenges” when it comes to rising living costs and housing prices.
A recent Statistics Canada (StatCan) report said that the country’s real gross domestic product (GDP) has shown four consecutive quarters of growth since last year, but also said that Canadians are experiencing “inflationary pressures” as interest rates and living costs rise….