- Jun 12, 2020
- Reaction score
I found this interesting, sure the Unifor pres. isn't an economist so 'what do they know'? And I don't agree the BofC is waging a 'class war' but what I can tell you is everything they seem to be saying and doing benefits someone that isn't me.
Sure inflation WAS really high but my variable mortgage costs me more now than inflation did. I was down 10s of dollars a month with inflation, I'm down 100s of dollars with the interest rate hikes.
Tiff can tell me its for the greater good and that unemployment is too low, but it sure feels like Bay Street preaching to Main Street. So what, its hard to find good people and people want to be paid more. Last I checked average wages have not kept up with inflation, that is unless you're in the class that's already reaping the benefits of dividends, share repurchases and bonuses. But they'll win, they always win, its just my savings.
I normally try to keep a level head with this stuff but I do think the BofC is out of touch.