Canada February Inflation Rate Slows

What is the Worry?
This article is trying to strike terror into the hearts of Canadians by how inflation is slowing down and how the economic apocalypse is going to strike down on Canada. Even the title seems evident of this. If you read the article closer, there is more then meets the eye. The second sentence, which most people do not read in news articles, state that the price has fluctuated due to petroleum prices, a volatile good that is not used to measure the base inflation amount. This is even revealed in the article by Doug Porter, deputy chief economist at BMO Nesbitt Burns, if you ever read it that far. It is also stated that "core inflation came in exactly as expected at 1.7 percent". This is short for the average 2% that is the target for the Bank of Canada. This could also be attributed to the five straight interest hikes, or maybe even seven. Who really knows and keeps track? These rates are too high and should be brought lower but headline grabbers like this one and news convoluted in other news make it make policy makers too cautious for the good of the country. How can growth be achieved if these rates continue to increase? If the media can not even keep track of where the rates are, then how can policy makers do the same? What is there to worry? Canada is in no danger, rather has space for economic expansion and growth. These interest rates are too constricting on the Canadian market and it seems that no one cares about this vital part of Canadian policy. Keep in mind the next time you pay off your credit card bill or loan and think about how the Bank of Canada is giving you the shaft due to liberal policy making and media.