Published 4 days ago • loading... • Updated 3 days ago

GST Break Helps Soften Inflation Rate Increase: Financial Advisor

Summary by VOCM

A local financial advisor says inflation may have been much higher in Canada in January were it not for the GST holiday. Inflation rose to 1.9 per cent in January, but Larry Short of Short Financial, a branch of IA Private Wealth says the tax break on certain items including groceries, kept that down. He says what’s more concerning is a slight change in trend after a year of steady decline in inflation. He says “if we didn’t have that tax holida…

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

2 Articles

All

Left

Center

Right

VOCM

GST Break Helps Soften Inflation Rate Increase: Financial Advisor

3 days ago

Read Full Article

Canada's NDP

Reality Check – GST break finally dropped food inflation – it’s time to cut it for good

According to Statistics Canada’s latest Consumer Price Index numbers, food inflation is down 0.6 per cent because of the GST holiday – otherwise, overall inflation and food inflation would have been much higher.

4 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right