Inflation is rising. Will salaries keep up?
It’s no surprise if grocery and gasoline prices have made you gulp lately. Canada’s inflation rate hit an 18-year high of 4.4 per cent in September, the ninth month in a row that basic items like food, housing and transportation got more expensive. And it’s not a blip. The Bank of Canada predicts higher inflation rates will continue for the next year. In this environment, people may start expecting their annual salary bumps to keep up with inflation rates. If not, [...]