Canada PM Trudeau Extremely Concerned by Soaring Cost of Living

Canadian Prime Minister Justin Trudeau said Wednesday he is “extremely concerned” by increases in the cost of living caused by high inflation, adding that Liberal government policies should help address the issue.

Canada’s annual inflation rate hit an 18-year high of 4.7% in October, far above the Bank of Canada’s 2% target, and analysts predict it will rise further.

The official opposition Conservative Party says Trudeau is to blame, pointing to major government spending programs introduced to fight the COVID-19 pandemic.

“We are extremely concerned about the rising cost of living brought to people by inflation,” Trudeau told the House of Commons, noting many other nations faced the same problem.

Trudeau, whose Liberals won re-election in September with a minority government, unveiled his formal agenda on Tuesday and promised to focus on cutting the costs of daycare and housing.

“This will help families deal with the increasing cost of living,” he said.

© 2021 Thomson/Reuters. All rights reserved.

There is no custom code to display.

What's happening

The 12 Days of Textmas with The Phil Show

The 12 Days of Textmas with The Phil Show

Beginning on Thursday, Dec. 2nd through Friday, Dec. 17th it’s NewsTalk 98.7’s 12 Days of Textmas. Just listen to The Phil Show for the “Keyword” to text to 68255 daily. One winner will be selected for each day and you could win great prizes.

Ron White at the Tennessee Theatre 1/29/22

Ron White at the Tennessee Theatre 1/29/22

Catch Ron White live at the Tennessee Theatre Saturday, January 29th! Tickets on sale Friday, 10/29 at 10am Ron White official site https://tatersalad.com/ Get tickets Here

Dogwood Arts Bazillion Blooms

Dogwood Arts Bazillion Blooms

It’s planting time in Tennessee! Dogwood Arts is on a mission to Keep Knoxville Blooming by selling dogwood trees through their annual Bazillion Blooms program.