cost of living

Friday December 9, 2022

December 9, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday December 9, 2022

Inflation is changing how Canadians do Christmas

A new poll by the Angus Reid Institute says more than half of Canadians – 56 per cent – say they will be spending less on Christmas, including presents and entertaining.

September 29, 2022

“When you look at the Atlantic Canadian data, among the highest numbers in the country in Nova Scotia, 57 per cent, say they’re worse off now,” said Dave Korzinski, the research director with Angus Reid Institute.

“In Newfoundland and Labrador, 54 per cent, in New Brunswick 53 per cent, all of those are higher than the national average of 50 per cent,” Korzinski said.

This is the first time the non-profit’s data has shown that more than 50 per cent of Canadians say they are financially worse off this year than this time last year.

“Seeing food banks across the country who are dealing with essentially budgets that are smaller and demand that is larger, which is a really tough recipe when you’re trying to keep your programs going,” Korzinski said.

“When it’s more expensive for your household, imagine buying it for 1,400 households,” said Alex Boyd,  the executive director Greener Village Food Bank in Fredericton.

May 10, 2022

“So, that’s what we do with milk and eggs, those are very seldom donated items,” Boyd said.

Charitable giving is also already down this holiday season, according to the poll.

“To see 37 per cent of Canadians say they’re cutting back on donations, including more than two-in-five who are older, who are 55+ who tend to be the most generous and the most consistent givers, has been really challenging for a lot of charities,” Korzinski said.

“It’s always a concern that we watch for, especially being an organization that relies heavily on November and December giving to make up for the leaner months earlier in the year,” Boyd said.

Eighty-seven per cent of Canadians say they have cut back on spending in some way recently – up from 80 per cent in August. (CTV) 

 

Wednesday December 7, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday December 7, 2022

Get’em while you can: Hamilton Christmas tree hunters scrambling amid shortage

Don’t dally, Christmas tree hunters: some local farms are already out of seasonal evergreens amid a chronic shortage exacerbated by inflation and extreme weather.

December 4, 2021

In the Hamilton area, several tree farms are warning their fields could be bare by next weekend — while a few are already sold out or not opening at all.

Jim Watson is selling only pre-cut evergreens this year — and only on weekends — because a series of “terrible, dry summers” wiped out fields of trees that might otherwise be open for the U-cut crowd.

But that didn’t stop eager tree hunters from flooding his Mount Hope farm the day it opened Nov. 26. “People are really trying to get a tree early,” Watson said, adding he would be surprised if he has enough pre-cut fir, spruce and pine to stay open beyond the Dec. 10 weekend.

Thursday September 29, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday September 29, 2022

Butter Prices Continue to Soar Due to Ongoing Supply Shortage

December 8, 2016

Butter is our lifeblood, our saving grace. When all else fails, butter is there for us to spread on toast, toss into mashed potatoes, shower on our movie popcorn, or use to whip up a cake. But this essential ingredient is starting to cost a pretty penny, and right before its biggest time to shine, the holiday baking season.

Butter is currently the most expensive it’s been since 2017, with the price of the savory spread up 24.6% over the 12 months ending in August, according to the Wall Street Journal. Furthermore, the US currently has the lowest amount of butter in storage facilities within that same five-year period, so there’s not a solid reserve to rely on.

February 2, 2018

There are several reasons for the price increase, including rising inflation costs. To make matters worse, due to the ongoing effects of the pandemic, labor shortages continue to slow things down at processing facilities across the country while the demand for butter continues to outpace supply in the Midwest, for example, according to the latest USDA dairy market report. 

The report also reveals that butter makers on the West Coast are running reduced production schedules. In the Northeast, retail butter demand is just picking up, yet tight inventories are causing some producers to regulate their supply across existing orders.

In short, you might want to reconsider before making that butter board.  (Thrillist) 

 

Tuesday May 17, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Tuesday May 17, 2022

*A making-of clip of this cartoon may be found here.may be found here.

Ontario NDP plan to run deficits for 6 years and cancel gas tax cut

May 10, 2022

Ontario’s New Democrats are pledging to run larger deficits than the Progressive Conservatives and Liberals if elected and would likely not balance the budget for six years, but the party is eyeing some cost savings from cancelling a gas tax cut.

That pledge is expected to save $600 million in the first year by reversing the Progressive Conservative government’s move to reduce the provincial portion of the gas tax by 5.7 cents a litre for six months starting July 1.

Catherine Fife, who has served as the NDP’s finance critic, presented the costing Sunday and acknowledged the high cost of living, including rising gas prices that have topped $2 a litre, but said the temporary cut from the Tories is just a “gimmick.”

“We are looking for a long-term, sustainable strategy to alleviate gas prices, but also to stabilize,” she said, pointing to the party’s promise to regulate gas prices.

Wednesday May 10, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday May 10, 2022

As cost of living soars, affordability becomes top Ontario election issue

August 14, 2014

In every Ontario election poll that’s publicly available, the number one concern of voters is the rising cost of living. 

Affordability has rocketed past the perennial top issues of health — even after two years of a global pandemic — and jobs, with the unemployment rate at record lows. 

While the Ontario party leaders are often talking on the campaign trail about making life more affordable, it’s a wonder that they’re not hammering the issue even harder, given how strongly it’s resonating with voters.

“The smart politicians won’t just talk about [the cost of living] as an issue, they will understand it’s a character test,” said Greg Lyle, a veteran pollster and president of Innovative Research Group.