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May 19, 2021
10:25 pm
Vatox
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Ooooh mamma! It’s up now! We will see if it stays up for a few months.

https://www150.statcan.gc.ca/n1/daily-quotidien/210519/dq210519a-eng.htm

May 20, 2021
2:51 am
Kidd
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Don't worry. Anything and everything that went UP in price, will be removed from the Canadian inflation index. The picture will remain rosy, we will show the world how to truly doctor an outcome.

Dust is free, and we all get it, this will be added to the index.
Opinions are mostly free.

It's the same way they add public sector job gains, to offset private sector job losses. Remove those who have run out of unemployment benefits from the unemployed numbers, and we have less unemployed.

We have free health care in canada, "your" government boasts this. Yet, we pay a fortune for health care from our taxes just to hire administrators, not nurses and doctors.

May 21, 2021
8:22 am
Dean
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Kidd said

. . .

We have free health care in canada, "your" government boasts this. Yet, we pay a fortune for health care from our taxes just to hire administrators, not nurses and doctors.  

No health care system is perfect. But I'd still take our's over that 'Dogs Breakfast' of a system they have down in the Divided States ❗

To each, their own ... I guess. sf-confused

    Dean

sf-cool " Live Long And Prosper " sf-cool

May 21, 2021
8:37 am
cristunity
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Dean said

No health care system is perfect. But I'd still take our's over that 'Dogs Breakfast' of a system they have down in the Divided States ❗

To each, their own ... I guess. sf-confused

  

Read this -- it's jaw dropping
https://www.cnn.com/2021/05/17/us/hospital-lawsuits-pandemic-invs/index.html

May 21, 2021
8:42 am
Kidd
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Dean.

There are many misconceptions about our health care system. The government of canada tries to assure us... we are the best. Using real world data, canada pays the most and gets the least bang for the buck. That's factual. If need be, i can dig that information up.

The states. If i had the job i held in canada, in the states. I'd be fully insured. With 0 ZERO wait times in the states, and with having superior doctors and equipment, it's a no brainer, the states win hands down. canada is the envy of no one.

Rob Ford would be alive today, if he went to the states sooner.
Danny Williams knew he'd die on a canadian table, so he flew to the states for heart surgery.
I figure, one day when I'm in need of a real doctor, i'll go to Ethiopia.

May 21, 2021
9:54 am
Vatox
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Unbelievable! I start a thread on current inflation and people go completely opinionated about the healthcare system. Posts 2, 3, 4 and 5 should be removed and people need to stop unloading their feelings in a thread that is meant for discussion about current inflation trends.

May 21, 2021
10:53 am
cristunity
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Vatox said
Unbelievable! I start a thread on current inflation and people go completely opinionated about the healthcare system. Posts 2, 3, 4 and 5 should be removed and people need to stop unloading their feelings in a thread that is meant for discussion about current inflation trends.  

Here's me unloading my feelings: relax, dude. sf-cool

May 21, 2021
11:18 am
AltaRed
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Vatox said
Ooooh mamma! It’s up now! We will see if it stays up for a few months.

https://www150.statcan.gc.ca/n1/daily-quotidien/210519/dq210519a-eng.htm  

April 2020 was a deep dive so of course, Apr YOY is going to be large. So will May YOY and the next 3-6 months. Not meaningful.

https://www150.statcan.gc.ca/n1/daily-quotidien/210519/cg-a001-eng.htm

May 21, 2021
11:35 am
Norman1
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As well, there are lots of other short term factors that are temporary until people are vaccinated.

All those PPE costs will be gone once people are vaccinated.

One can pack the workers of meat packing plants shoulder-to-shoulder again and raise the amount of meat processed.

Hairstylists can go back to doing a haircut on another client while waiting for a perm to take on a client.

May 21, 2021
11:59 am
Vatox
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AltaRed said

April 2020 was a deep dive so of course, Apr YOY is going to be large. So will May YOY and the next 3-6 months. Not meaningful.

https://www150.statcan.gc.ca/n1/daily-quotidien/210519/cg-a001-eng.htm  

It sure is meaningful! I’ll be sure to let the CRA know that you don’t feel it’s meaningful and to leave out of your next year indexation increase. It’s going to be in mine though!

May 21, 2021
12:05 pm
Norman1
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There has also been a change in inflation targets in the US. Target is now a long term average inflation of 2% per annum and not 2% each year and every year.

So, if the US had 1.4% inflation in 2020, it would be acceptable to have 2.6% this year to make up for being 0.6% under in 2020.

Canada had 0.7% in 2020. If Bank of Canada thinks the same way, then up to 3.3% inflation would be okay for this year.

May 21, 2021
12:59 pm
Kidd
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Vatox, you're welcome. No really, you are.

My post #2 kept this thread alive. Otherwise, it would have just slid off the page with all your other inflation posts.

There's no need to thank me, it's implied.

May 21, 2021
3:12 pm
LK
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I also agree that thread topics should be kept on point. This is not a site for discussing politics, and I think that threads 3-5 should be deleted. "Relax, dude" is not particularly collegial. Please keep it civil and respectful.

If you want to start a thread about health care or Ford or 'this or that' re politics, start a separate thread. And then moderators can decide whether same fits within the scope of this site (and shut down the thread as applicable). There have been other examples where the moderator has closed threads on this site because it devolved into political debate.

(Anticipating the inevitable 'blow back' from some regarding me just saying this ... and it is a bit unfortunate that I should even be anticipating being criticized for reminding folks of such...)

May 21, 2021
3:27 pm
Saver-Mom
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It is rather difficult and dull to discuss inflation without discussing the causes. Political mismanagement of our dollars is one main cause. There you go.

May 21, 2021
4:00 pm
Loonie
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What I want to know is whether our OAS will go up in July due to current inflationary trends.

Some say it's temporary. Maybe, but I doubt it, especially over the longer term.
Businesses are going to want to make up for pandemic losses; some will NEED to in order to survive; others will just take advantage of the curve.
And, whether you think climate change is real or think it's a threat or not, it's going to cost you. Droughts, hurricanes, floods, electrical outages and so on create shortages, and then things get scarcer and more expensive. And if you think the US is nirvana, it will likely be worse down there. If you choose not to believe me, we'll chat again in ten years. I'd be thrilled to be wrong.

May 21, 2021
5:27 pm
Saver-Mom
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Hi Loonie, I doubt it, we are not the demographic they want to throw money at.

May 21, 2021
8:04 pm
Loonie
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Saver-Mom said
Hi Loonie, I doubt it, we are not the demographic they want to throw money at.  

Actually, they ARE throwing money at us in a sense. Last year all us old folks got a $300 bonus due to covid.
The recent federal budget provides that everyone who expects to be 75 by June 2022 will get a $500 bonus in Aug 2021 (sic). It also provides a 10% bump in OAS beginning July 2022, quite apart from inflation.

OAS inflation adjustments are reviewed every 3 months according to a complicated formula i don't understand. It went up in April by about $3 at the base rate. The government doesn't directly control it; the formula rules.

I've been tracking OAS increases since 2014. They've gone up every year in the third quarter except for last year, between $1 (2015) and $7 (2014, 2018) per month at the base rate. It's not much, but it creeps up as there are usually other increase(s) during the year, and it is more if you delayed receipt to age 70.

May 21, 2021
9:01 pm
Vatox
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Kidd said
Vatox, you're welcome. No really, you are.

My post #2 kept this thread alive. Otherwise, it would have just slid off the page with all your other inflation posts.

There's no need to thank me, it's implied.  

I didn’t realize it was a requirement to have threads being alive. I simply posted information. It is simply there for the record, if someone has a comment to post, then we can discuss, otherwise it’s just financial info for the site.

May 21, 2021
10:31 pm
Norman1
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Loonie said

OAS inflation adjustments are reviewed every 3 months according to a complicated formula i don't understand. It went up in April by about $3 at the base rate. The government doesn't directly control it; the formula rules.

The formula is in section 7 of Old Age Security Act.

The wording is difficult. The just seems to be that OAS payments are adjusted quarterly, based on the CPI increase of usually consecutive quarters. Much of that year-over-year increase in CPI has already been incorporated in the quarter-to-quarter increases.

Overall inflation is likely going to be permanent. But, not at that 3.4% per annum rate.

May 22, 2021
5:13 am
Bill
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Post 2 was very valuable, in that it pointed out that the premise of the thread begun in post 1, i.e. that gov't inflation stats mean anything, is b.s.

Personally I don't see how federal & provincial & municipal gov't debts can go up so drastically in a short time without all that money causing inflation (check out stock markets & real estate for examples of asset inflation, gasoline up 50% or so in the last year, etc) but I don't know. Norman1 has in the past indicated gov't debt levels are not that worrisome, an update would be welcome.

I liked "relax dude", an expression of caring for a stranger's well-being.

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