Canada's Economic Recovery Uneven

This is a news story, published by Global News, that relates primarily to Coletto news.

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Global News

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With inflation cooling and wages growing, why are Canadians still feeling strained? - National | Globalnews.ca

Summary

Nutrition label

70% Informative

Inflation is now at 1.6 per cent , below the Bank of Canada’s two per cent target.

Wage growth has outpaced price growth for 20 consecutive months .

The top 40% of income earners have taken home 70 per cent of wage growth over the last three years .

While low- and middle-income Canadians have devoted more of their pay to essentials and like food and shelter.

The Liberals have also had no success in closing the double-digit lead the Conservatives have built in public opinion polls, despite bringing forward a spring budget heavily focused on housing. Coletto said there’s a small chance that the improving economic conditions could help the Liberals , but he said the government faces significant hurdles given the prime minister’s abysmal popularity numbers. “ Time is running out, obviously,” Coletto said..

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful