Canada's inflation rate jumps 2% in October: CPI

[@sarawilliam696]

The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.

[@brucemichelle5689.]

It's a fact that recessions are a natural occurrence in the economic cycle, and the best approach is to ensure you're ready for them and have a proper plan in place. As someone who entered the workforce during a recession (2009), I experienced the direct effects of inflation and discovered the importance of generating increased passive income to counter it.

[@KaurKhangura]

Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise.

[@Justinmeyer1000]

How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@KaurKhangura]

My CFA ‘’Aileen Gertrude Tippy’’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@Justinmeyer1000]

I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.

[@sdeam5467]

Can you fix the headline please? It didn’t jump 2%, it went up 0.4% from 1.6% so it’s very misleading.

[@ElectronicWasteland-p2x]

Yeah the rate actually jumped 25% if they were going to frame it that way.

[@Casey-qm1nd]

​​@@ElectronicWasteland-p2x😂 it is true, but they would never frame it that way

[@Sam-j6l9x]

It’s still based on prices that have just doubled. Really it’s 4 percent from not long ago.

[@Jason.W.]

Jumps to 2%. But it makes it clear for us to see click bait from this channel.

[@leondiaz932]

In economics we have diferent professional ways to say the same thing, may be can be adjust the news por the general public. Good coment.

[@pje3325]

Rate didnt jump 2%; it went up to 2%.

[@parkerbohnn]

The falling dollar is translating into higher inflation. With the U.S. dollar slightly weaker today the Canadian dollar is only up a fifth of a percent on the recent inflation and CPI release.

[@parkerbohnn]

The main reason inflation spiked month over month was due to gasoline prices. On a monthly basis, prices for gasoline were up 0.7% in October, following a 7.1% decline in September.

[@MM-xg2td]

These economists are detached from reality....*The Canadian economy isn't crashing* she said....We are set to send back hundred of thousand people back to their country this will have a huge impact on our economy, 1 million mortgage renewal in 2025...

[@Sam-j6l9x]

Two percent is NOT acceptable. We need a break. Prices Increasing slower is NOT anything to be happy about.

[@davidvalyear8408]

Fix the the head line 😊 seriously fix it now😊

[@kamenidriss]

I thought we wanted inflation to be at or around 2 percent? previous 0.4 percent seemed to trigger fear of deflation

[@epictetus3406]

Exactly

[@epictetus3406]

Something seems wrong given that taxes increases the CPI which in turn leads to higher interest rates. So canadians have to pay more taxes then because of that they have to pay higher living costs? Doesn't that seem very wrong?

[@icantwiththis]

Russet potatoes are $2.00 each

[@alexgardner3125]

Shop somewhere else, I've been getting them for about $1/lb in a big bag

[@calvinwong365]

Seriously lol the whole point literally shop around. If people actually get familiar with their locals. And know how to find cheaper local food instead going to more convenient grocery stores. You'll literally save. I work in chinese restaurants and there's tones of suppliers that still do things the old school way. And if you really want to help locals. Stop using debt and credit cards and pay cash​@@alexgardner3125

[@meh4770]

This country is fudged all because of the federal government. At least us Ontarians have a common-sense government.

[@HieouyaAgnèsDoyo]

!!!I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.

[@HaholBarton]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@AnastasiaAngelinaPetrova]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@HaholBarton]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@AnastasiaAngelinaPetrova]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

[@HieouyaAgnèsDoyo]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

[@Bigjohn928]

Oh no..the rate cut cheers leaders needed to work hard again!

[@alwaysthinking2175]

for someone at pimco to suggest we are going back to something more normal is head-shaking. we are actually more normal now than we've every been. she might have a mortgage coming up for renewal.

[@randyliz3325]

It's 9 % go buy groceries it tell u 2% or 20% at 9% I I'm being generous

[@CANAtax]

Poor Canadians 🇨🇦 They have suffered and will suffer a lot because of a “pro-progressive” government. 🥴

[@JessT-vg7ib]

I like high inflation...I want it to go up further.

[@letmedietomorrow]

Drop interest rate by .5 and inflation goes up .4

[@Doug-tc2px]

Inflation runs in 30 year cycles, the downcycle ended in 2021.

[@dev4statingx90]

So much good news lol

[@Casey-qm1nd]

The central banks have shown their cards, they aren't serious about their inflation targets. As a result, bond traders will want to be compansated for this via higher yields on bonds, especially longer duration bonds. As the government loads up on short term debt, it means higher borrowing costs for everyone else. This is just beginning of a longer term cycle of stubbornly high borrowing costs. You will notice that consumer staples will see the sharpest rise in prices as those companies have the pricing power to pass on costs. (This will hurt other sectors which means more job losses in businesses that sell consumer discretionary goods). At the same time, this huge loss in purchasing power that is coming will not bode well for current real estate valuations. Bad combo. If real estate doesn't outpace broader based inflation, people will start to feel less confident about their financal situations.

[@mouratjamoukhanov945]

Cuz gas prices went up

[@ST-fk3jz]

Lots of people with mortgages in the comments. You’d better hope the liberals continue to buy mortgages. If not we’re looking at higher mortgage payments and a housing crash

[@ابتسام.احمد-ع4ع]

انا اختك من اراضي اليمنيه والله ماتكلمت الا من الجوع والفقر وضيق الحال يشهد الله ضروفنا قاسيه واجبرتني على هذا اشي ارجوك سامحني💔اخي عاد باقي اخوه إيمانيه طلبتك حق كيس طحين اخي احنا نساء ما بتقدر نخرج بين الرجال عاد باقي مره عندكم اخي ربي اكرمكم انكم رجال احنا نساء ما بتقدر نخرج ولا نشتغل مثلكم اخي وين الاخوه الايمانيه في قلوبكم احنا نساءلاخوه ولا رحمه😥 ولا شفقه ولا انسانيه ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''' اخي اول كلامي انا اقسم بالله على كتاب الله اني لااكذب عليك ولا انصب ولا احتال اني بنت يمنيه نازحين انا واسرتي بيننا ایت الشهرب 20 الف يمني والان علينا 60 الف حق 3 شهور وصاحب البيت من الناس الي ماترحم والله يا اخي انه يجي كل يوم يبهدلنا ويتكلم علينا ويريد من البيت للشارع لانناماقدرنا ندفعله الأجار شافونا الجيران نبكي ورجعو تكلمو الجيران ومهلنالاخره الأسبوع معادفعنا له حلف يمين بالله هذا بيخرجنا إلى الشارع رحمه واحنا. بلادنا بسبب هذا الحرب ولانجد قوت يومنا وعايشين اناوامي واخوتي سفار والدنا متوفي الله يرحمه ومامعنا أحد في هذا الدنيا جاانبنا في هذه الظروف القاسيه اخوتي الصغار خرجو للشارع وشافو الجيران ياكلو واوقفو عند بابهم لجل يعطوهم ولو كسره خبز والله الذي له ملك السموات والارض انهم غلفو الباب وطردوهم ورجعو یبکو ایموتو من الجوع ما احد رحمهم وعطلة ردها لقمت عیش والان لوما احدنا ساعدنا في إيكيلو دقيق اقسم بالله انموت من الجوع فيا اخي انا دخيله على الله ثم عليك واريد منك المساعده لوجه الله انشدك بالله تحب الخير واتساعدني ولو ب 500 ريال يمني مع تراسلي واتساب على هذا الرقم 00967713342392 وتطلب اسم بطاقتي وترسلي ولاتتاخر وايعوضك الله بكل خير اخواني سغار شوف كيف حالتهم وساعدنا وأنقذنا قبل أن يطردونا في الشارع تتبهدل أو نموت من الجوع وانا واسرتي نسالك بالله لولك مقدره على مساعد لاتتاخر علينا وجزاك الله خير……..π~π~π~π~√~~√

[@liuyi870526]

No means crashing 😂😂😂😂

[@BrinSingh-l1o]

Rising Costs of Basics (Eggs, Milk, Meats, Cereals): Inflation continues to drive up prices on everyday items, stretching budgets and making necessities harder to afford. The Canadian dollar may be worth only $65 by 2025. Car Insurance: Insurance premiums have risen due to mass immigration, with new drivers lacking experience on Canadian roads, increasing repair, replacement, and healthcare costs. Lack of Work: Inflation often leads to economic slowdowns, resulting in fewer job opportunities and higher unemployment. Mortgage Payments: Even with interest rate drops, high home prices make mortgages harder to manage. Rising rates or prices may worsen the strain on homeowners. Trump and Canadian Economy: Concerns about political leadership, like Trump’s policies, raise anxiety about the future. U.S.-Canada trade relations and instability can negatively affect the Canadian economy. Layoffs: Economic uncertainty and inflationary pressures may lead to job cuts in 2025 as businesses try to reduce costs.

[@Bushy240-x7z]

"Dragflation", where inflation continues to rise and economy goes down. (Gerald Celente).

[@Impozalla]

Inflation is pretty much baked in due to Donald Trump's presidency. Everything is getting more expensive in Canada so expect inflation to continue to climb. The USA has a grip on Canada and it will continue to hold until the Trump protectionist policy gets repealed.