Don't ever expect much lower fuel prices and home heating costs.
The Canadian economy may need to find a way to permanently adjust to higher oil and gas prices even when the cost of other goods start to fall, according to a former Bank of Canada governor.
In an interview Wednesday with CBC News Network's Power & Politics Stephen Poloz, who was the Bank of Canada governor from 2013 to 2020, said Canada's inflation rate may get back down to the official two per cent target in a year or two, but he struck a less optimistic note when it came to the higher cost of fuel.
"We might have to pay more for oil and gas forever," Poloz told host Vassy Kapelos. "And if that's the case, that's not inflation. It's a higher price that we'll have to pay and we'll adjust to that higher price somehow in our economy."
Earlier in the day Statistics Canada reported that Canada's inflation rate hit a nearly 40 year high of 7.7 per cent.
While the average cost of food items went up 9.7 per cent over the past year, it's the higher cost of gas — up 48 per cent compared to a year ago — that's the single biggest factor affecting the inflation rate.
Poloz said he expects the inflation rate to start ticking down in the latter half of the year, in part because of the Bank of Canada's tightening.
https://www.cbc.ca/news/politics/poloz-gas-oil-prices-inflation-1.6498015
How can we ever get cheaper gas, diesel, and natural gas again when Justine keeps raising the carbon tax and the GST on it. Not to mention blocking domestic production like that idiot Jim Crow Joe. Ya, costly fuel is here to stay, but it is exactly what prog scum wants.
We could pump oil domestically and cut the taxes and we would have 50 cent a gallon gas. But we can't have that because it endangers the spotted snail or whatever. I say start pumping and screw the snail!
Uh, I don't know if that came out right...
Quote from: "Oliver Clotheshoffe" post_id=460942 time=1655951070 user_id=3349
We could pump oil domestically and cut the taxes and we would have 50 cent a gallon gas. But we can't have that because it endangers the spotted snail or whatever.
Uh, I don't know if that came out right...
ac_lmfao
We went through this same exact bullshit with obongo. That idiot said high gas prices is a sign of a growing economy. What a dipshit! Anyway, gas will be cheap in 2026 when Trump or some other Republican is running the country again.
Quote from: Lokmar post_id=460953 time=1655960587 user_id=3351
We went through this same exact bullshit with obongo. That idiot said
In Canada and the USA, high gasoline prices are the sign of bad government policy that hurts the middle class.
The official policy of both the Liberals and NDP is that energy poverty is good for the environment. I am not optimistic we will ever see affordable energy again, even if Pierre Pollivere became prime minister.
Stephen Poloz and Mark Carney want to limit supply and force Canadians to pay more for fuel. Gasoline, and heating gas are essential, but they consider it the same as smoking. :crazy:
Quote from: Fashionista post_id=460930 time=1655945970 user_id=3254
Don't ever expect much lower fuel prices and home heating costs.
The Canadian economy may need to find a way to permanently adjust to higher oil and gas prices even when the cost of other goods start to fall, according to a former Bank of Canada governor.
In an interview Wednesday with CBC News Network's Power & Politics Stephen Poloz, who was the Bank of Canada governor from 2013 to 2020, said Canada's inflation rate may get back down to the official two per cent target in a year or two, but he struck a less optimistic note when it came to the higher cost of fuel.
"We might have to pay more for oil and gas forever," Poloz told host Vassy Kapelos. "And if that's the case, that's not inflation. It's a higher price that we'll have to pay and we'll adjust to that higher price somehow in our economy."
Earlier in the day Statistics Canada reported that Canada's inflation rate hit a nearly 40 year high of 7.7 per cent.
While the average cost of food items went up 9.7 per cent over the past year, it's the higher cost of gas — up 48 per cent compared to a year ago — that's the single biggest factor affecting the inflation rate.
Poloz said he expects the inflation rate to start ticking down in the latter half of the year, in part because of the Bank of Canada's tightening.
https://www.cbc.ca/news/politics/poloz-gas-oil-prices-inflation-1.6498015
Just buy an electric vehicle. Easy peasy.
Quote from: "Shen Li" post_id=461007 time=1656020231 user_id=56
Quote from: Fashionista post_id=460930 time=1655945970 user_id=3254
Don't ever expect much lower fuel prices and home heating costs.
The Canadian economy may need to find a way to permanently adjust to higher oil and gas prices even when the cost of other goods start to fall, according to a former Bank of Canada governor.
In an interview Wednesday with CBC News Network's Power & Politics Stephen Poloz, who was the Bank of Canada governor from 2013 to 2020, said Canada's inflation rate may get back down to the official two per cent target in a year or two, but he struck a less optimistic note when it came to the higher cost of fuel.
"We might have to pay more for oil and gas forever," Poloz told host Vassy Kapelos. "And if that's the case, that's not inflation. It's a higher price that we'll have to pay and we'll adjust to that higher price somehow in our economy."
Earlier in the day Statistics Canada reported that Canada's inflation rate hit a nearly 40 year high of 7.7 per cent.
While the average cost of food items went up 9.7 per cent over the past year, it's the higher cost of gas — up 48 per cent compared to a year ago — that's the single biggest factor affecting the inflation rate.
Poloz said he expects the inflation rate to start ticking down in the latter half of the year, in part because of the Bank of Canada's tightening.
https://www.cbc.ca/news/politics/poloz-gas-oil-prices-inflation-1.6498015
Just buy an electric vehicle. Easy peasy.
Lol by the time the owner drives over 250,000 km to save enough gas to off set the initial purchase cost of the EV, it wouldn't be surprising the EV battery will be close to the end of it's life cycle, time to fork out another $50,000 for another EV battery. :laugh3:
Quote from: Zetsu post_id=461009 time=1656028101 user_id=61
Quote from: "Shen Li" post_id=461007 time=1656020231 user_id=56
Just buy an electric vehicle. Easy peasy.
Lol by the time the owner drives over 250,000 km to save enough gas to off set the initial purchase cost of the EV, it wouldn't be surprising the EV battery will be close to the end of it's life cycle, time to fork out another $50,000 for another EV battery. :laugh3:
She probably knows all that. I am pretty sure she was being a smartass.
Quote from: Herman post_id=461010 time=1656030554 user_id=1689
Quote from: Zetsu post_id=461009 time=1656028101 user_id=61
Lol by the time the owner drives over 250,000 km to save enough gas to off set the initial purchase cost of the EV, it wouldn't be surprising the EV battery will be close to the end of it's life cycle, time to fork out another $50,000 for another EV battery. :laugh3:
She probably knows all that. I am pretty sure she was being a smartass.
I knew Shen would know ac_cool , but now that EVs are so expensive, I couldn't resist bashing it at every chance I get, lol.
Quote from: Zetsu post_id=461041 time=1656036156 user_id=61
Quote from: Herman post_id=461010 time=1656030554 user_id=1689
She probably knows all that. I am pretty sure she was being a smartass.
I knew Shen would know ac_cool , but now that EVs are so expensive, I couldn't resist bashing it at every chance I get, lol.
And they aint any more sustainable than ICE vehnicles. Probably even less.
Quote from: Herman post_id=461043 time=1656036328 user_id=1689
Quote from: Zetsu post_id=461041 time=1656036156 user_id=61
I knew Shen would know ac_cool , but now that EVs are so expensive, I couldn't resist bashing it at every chance I get, lol.
And they aint any more sustainable than ICE vehnicles. Probably even less.
Before I remember the Tesla 3 was around 42 grand after the tax deduction, but now they're about 73 grand after deduction, I can't think of any reason into buying one. ac_unsure
Quote from: Zetsu post_id=461046 time=1656036780 user_id=61
Quote from: Herman post_id=461043 time=1656036328 user_id=1689
And they aint any more sustainable than ICE vehnicles. Probably even less.
Before I remember the Tesla 3 was around 42 grand after the tax deduction, but now they're about 73 grand after deduction, I can't see any reasons in buying one.
Drop the tax subsidy and it would be a lot more than that.
Quote from: Herman post_id=461047 time=1656036876 user_id=1689
Quote from: Zetsu post_id=461046 time=1656036780 user_id=61
Before I remember the Tesla 3 was around 42 grand after the tax deduction, but now they're about 73 grand after deduction, I can't see any reasons in buying one.
Drop the tax subsidy and it would be a lot more than that.
I must admit you're right again, I've been so distracted by that EV rebate, I keep forgetting that truth that they're just unpractical in nearly every factor.
Quote from: Zetsu post_id=461052 time=1656037245 user_id=61
Quote from: Herman post_id=461047 time=1656036876 user_id=1689
Drop the tax subsidy and it would be a lot more than that.
I must admit you're right again, I've been so distracted by that EV rebate, I keep forgetting that truth that they're just unpractical is nearly every factor.
Herman is right, we're paying for other people's electric cars.
Quote from: Fashionista post_id=461055 time=1656037415 user_id=3254
Quote from: Zetsu post_id=461052 time=1656037245 user_id=61
I must admit you're right again, I've been so distracted by that EV rebate, I keep forgetting that truth that they're just unpractical is nearly every factor.
Herman is right, we're paying for other people's electric cars.
I keep hearing on the news about Teslas getting vandalized the most out of all cars out there, now I'm glad I never purchased one.
Quote from: Zetsu post_id=461056 time=1656037757 user_id=61
Quote from: Fashionista post_id=461055 time=1656037415 user_id=3254
Herman is right, we're paying for other people's electric cars.
I keep hearing on the news about Teslas getting vandalized the most out of all cars out there, now I'm glad I never purchased one.
Vandalized or stolen?
Quote from: Fashionista post_id=461059 time=1656037937 user_id=3254
Quote from: Zetsu post_id=461056 time=1656037757 user_id=61
I keep hearing on the news about Teslas getting vandalized the most out of all cars out there, now I'm glad I never purchased one.
Vandalized or stolen?
Not stolen, but I've seen a lot cam footage of people scratching them, damaging the side mirror, or even jumping on the hood.
Quote from: Zetsu post_id=461062 time=1656038357 user_id=61
Quote from: Fashionista post_id=461059 time=1656037937 user_id=3254
Vandalized or stolen?
Not stolen, but I've seen a lot cam footage of people scratching them, damaging the side mirror, or even jumping on the hood.
They are probably jealous they are subsidizing their luxury cars.
Quote from: Herman post_id=461064 time=1656038493 user_id=1689
Quote from: Zetsu post_id=461062 time=1656038357 user_id=61
Not stolen, but I've seen a lot cam footage of people scratching them, damaging the side mirror, or even jumping on the hood.
They are probably jealous they are subsidizing their luxury cars.
That's what I thought too, now most of the people hates Tesla due to the fact they're a waste of tax money.
Quote from: Zetsu post_id=461066 time=1656038703 user_id=61
Quote from: Herman post_id=461064 time=1656038493 user_id=1689
They are probably jealous they are subsidizing their luxury cars.
That's what I thought too, now most of the people hates Tesla due to the fact they're a waste of tax money.
Just Teslas or all electric cars?
Quote from: Herman post_id=461072 time=1656039082 user_id=1689
Quote from: Zetsu post_id=461066 time=1656038703 user_id=61
That's what I thought too, now most of the people hates Tesla due to the fact they're a waste of tax money.
Just Teslas or all electric cars?
It's just Teslas, I think it's b/c they all have factory installed dash cams which greatly increases the report rates.
Quote from: Zetsu post_id=461078 time=1656039443 user_id=61
Quote from: Herman post_id=461072 time=1656039082 user_id=1689
Just Teslas or all electric cars?
It's just Teslas, I think it's b/c they all have factory installed dash cams which greatly increases the report rates.
Or it mught be a statement about their owner Elon Musk's purchase of Twitter. Progressives think they have the right to destroy the property of people they disagree with.
Quote from: Herman post_id=461080 time=1656039704 user_id=1689
Quote from: Zetsu post_id=461078 time=1656039443 user_id=61
It's just Teslas, I think it's b/c they all have factory installed dash cams which greatly increases the report rates.
Or it mught be a statement about their owner Elon Musk's purchase of Twitter. Progressives think they have the right to destroy the property of people they disagree with.
Could be.
ac_umm
Dash-cams should be banned.
Too many male-Karens on the road.
They are now acting like little citizen-cops on the roads.
Sending videos of the "traffic violations" to the media.
Quote from: Odinson post_id=461094 time=1656070570 user_id=136
Dash-cams should be banned.
Too many male-Karens on the road.
They are now acting like little citizen-cops on the roads.
Sending videos of the "traffic violations" to the media.
That is happening here too. What do they expect the police to do. Go to someone's house and give them a ticket?