Bank of Canada Governor, US Fed Chair compare how each country is tackling inflation

Canada’s annual inflation rate rose slightly last month, accelerated largely by higher gas prices, data showed Tuesday.
Statistics Canada reported that the overall inflation rate in the country was 2.9 per cent year-over-year in March, up from 2.8 per cent the previous month.
Governor of the Bank of Canada Tiff Macklem weighed-in on the data, saying that in his opinion, the "...measures of core inflation did tick down again, and that does suggest that underlying inflationary pressure are continuing to ease. We continue to be moving in the right direction."
Macklem made the remarks while appearing at the launch of the Canada Institute's flagship economic initiative: the Washington Forum on the Canadian Economy.
Jerome Powell, the U.S. Chair of the Federal Reserve of the United States, was also at the event and remarked on U.S. inflationary concerns saying, "If higher inflation does persist, we can maintain the current level of restriction for as long as needed. At the same time we have significant space to ease should the labour market unexpectedly weaken."
For more info, please go to globalnews.ca/news/10426337/c...
Subscribe to Global News Channel HERE: bit.ly/20fcXDc
Like Global News on Facebook HERE: bit.ly/255GMJQ
Follow Global News on Twitter HERE: bit.ly/1Toz8mt
Follow Global News on Instagram HERE: bit.ly/2QZaZIB
#GlobalNews #inflation #interestrates

[@tatianastarcic]

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

[@berniceburgos-]

I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.

[@nicolasbenson009]

Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.

[@BridgetMiller-]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@nicolasbenson009]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@Michaelparker12]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@AppaGo420-rz5bz]

How each country is handling inflation? By bending over the citizens, that’s how.

[@Ynalaw]

Stop the money printing press! Stop issue debt through gov loans and spending! It doesn't take an economic explanation to see the racketeering.

[@danboden9873]

Adding 100 billion dollars in new spending when youre already broke worked no where on earth so far.

[@rickvervoort9536]

Once the third great war starts, we will have a wonderful wartime economy. Man I miss means tweets.

[@nickyalousakis3851]

perhaps. after a war wokeness disappears too, at least for a while.

[@MrBobbyBrown2006]

The rich get richer, and the poor get poorer.

[@abram8874]

Strength of the labor market ? Unemployment has gone up to 6.1 . He wants it to go more?

[@FreedaPeeple-in2mn]

To paraphrase Mark Twain: There are three kinds of lies: lies, d@mned lies, and economics.

[@toantang5483]

Have you ever seen the shadow done difference from its body host? Yes BOC will follow FED.

[@user-mq9ju4xf9j]

Time to fire this guy and get a new one!!!!! Let’s make life harder for the general public. The working class…..most of us struggling so they think it’s a good time to take more $$$$ from us instead of the rich!!! Taxing the rich isn’t the answer. The rich will just take more from us to pay that extra tax. Find a way to take from the rich where the rich can’t take from us, the consumer, to make up the difference. There was a time when we lived decent lives with our wages. Could afford 4 or more children plus feed them and have a house paid for and toys in the driveway!!! Can’t do that these days!! Wages have not risen enough to compensate for cost of living for many years now. We need a change badly!!!

[@robdavidson2569]

it gets worse as they print and spend. tough postion for us all around. we fukd up.

[@winstonsmith935]

The wizard of Oz, or aka Canada. Peddle your magic somewhere else

[@edhortensius1468]

I don’t like this person at all , please retire

[@Kris-sf2qf]

🍿 🍹 🤣😂

[@rosssmith8481]

Our inflation rate is very low compared to many countries.