Part 5/8:
Canada's inflationary woes began emerging prominently around 2021, after two decades of relative price stability. The root cause traces back to global monetary policies—central banks worldwide adopted aggressive measures such as printing vast amounts of money to stimulate economic growth during the pandemic. When these policies combined with supply chain disruptions and increased demand, inflation spiraled upward.
Despite the initial period of stability, the recent surge has left Canadians grappling with a cost of living that feels unpredictable and unmanageable. Prices for goods and services have remained high, with little sign of returning to pre-pandemic levels. Surveys consistently reveal that the primary complaint is high prices—not unemployment or stock market volatility.