Canada's economy improves with 1.6% inflation, but wage growth disparities spark public frustration.

Canada's economy shows improvement, with inflation down to 1.6% and falling interest rates. Despite wage growth outpacing inflation for 20 months, frustration persists among citizens due to uneven recovery. The top 40% of earners captured 70% of wage growth over three years, while low- and middle-income Canadians allocate more of their income to essentials. This disparity, worsened by interest rate hikes, fuels ongoing public dissatisfaction.

November 05, 2024
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