How many reporters contacted Statistics Canada to inquire about anomalies in the food pricing databases?
Not a single one...
At least 17 products have exhibited two different prices between 2017 and 2022, with 14 of them currently reflecting lower prices ranging from 2% to 25%...
The same situation occurred with the Bank of Canada's carbon tax calculations. No one inquired about the methodology behind their calculations except for us. Are we merely moving through data without a critical examination?
Another concern we harbour is related to "shrinkflation". While Statistics Canada asserts that it monitors the effects of shrinkflation on food inflation, we fail to observe this in their data.
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Perspective (follow thread): The average family of four in Canada will likely spend about $1,050 more on food in 2023 for the entire year.
Top Canadian grocers, made $3.4B in net profit last year...
Payments for a $300,000 mortgage (5y variable rate) is now $520 more per month, compared to last year. That's $6,240 a year more, for shelter. More than 5 million Canadians have a mortgage with a variable rate in Canada.
Canadian banks made $50.4B in net profit last year...
Credit cards. A recent study suggests Canadians paid more than $11B for credit card costs passed along by merchants…and banks. In return, Canadians received a little less than $3.5B in rewards...