The Canadian dollar is crashing, dropping like a rock, and Canadians are grappling with the impact on their everyday lives. Let’s examine the inflationary whirlwind it creates for ordinary folks as more than one million people than last year now have to use food banks to survive.
What country leaders do we have who try to win our favour by spending like drunken sailors while ignoring the impacts? Since 2018, the Canadian deficit has increased by $103 billion; our total debt is now north of $2 trillion, and since 2020, we have employed 68 thousand more federal employees. Some facts that do not mean much to most folks, but the impact on our daily lives sure does.
And let’s lay it where it belongs, directly on Trudeau’s lap. We hear about fiscal responsibility, but when do we ever get that? Eight years, Trudeau and his government have had the reins and for no other reason, it is now time to give someone else the chance.
Walking into any grocery store feels like entering a parallel universe—affordable products suddenly sport price tags that make anyone want to faint. Tomatoes, once a humble staple, seem to demand the same price as fine wine and with the Canadian dollar crashing, it will only get worse.
A stroll down the aisle brings us face-to-face with the reality of inflation. One shopper, a mother of three, grips her shopping list like a lifeline. “Everything’s going up,” she laments, shaking her head in disbelief. “I can’t believe I used to buy apples for $1.99 a pound. Now it’s $3.49! This isn’t just a grocery bill anymore; it’s a monthly budget crisis.”
As the Canadian dollar weakens, imported goods have and will continue to become pricier.
The cost increases are jarring, and let’s not forgive the grocery stores for their unbelievable profits. The Inflated prices cascade down through the economy, creating hardship and discontent.
I enter a coffee shop and overhear a pair of retirees comparing their experiences. “I read that the dollar’s crashing could trigger even higher inflation,” one muses, his hands shaking slightly from the weight of his worries. “What happens when our pensions don’t stretch as far?”
Retirees, who should be enjoying their golden years, are grappling with the reality of the value of the Canadian dollar. What once felt secure now hangs precariously in a balance dictated by economic forces far beyond our control while the news is replete with stories of how the rich are getting richer. Just look at Elon Musk, who, doing nothing new, has had his net worth go up about $35 billion in the last couple of weeks. Not bad for him. A 13% increase in a couple of weeks.
A crashing dollar has a considerable psychological impact in addition to the monetary impact. This isn’t just about groceries or heating bills—people can no longer enjoy their lives with the non-essentials once in a while.
Restaurants that once thrived are now struggling. Just look at how many bankruptcies there have been. Those failing restaurants were not just places to enjoy; they were also places where our friends and neighbours worked. Now gone, they are destroying people’s lives. The burden of inflation is not just a statistic; it’s a looming spectre that hangs over our dreams, families and livelihoods.
To conclude, the impacts of inflation ripple outward. Inflation creeps into everyone's lives, minds, and hearts, twisting the fabric of our daily lives. A weak Canadian dollar doesn’t just alter exchange rates; it alters how individuals and families engage and can live within the world. It becomes an unwelcome guest that invades thoughts, conversations, and lifestyles, all impacted by how the federal government has increased its spending largess.
If for any other reason, it is time for a change. Trudeau has spent eight years promising to make it right, and most of us, other than Elon Musk and his friends, cannot live like this for another eight years.
Best wishes ...
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