Tag: Canada

Heat-flation? Report Says Canadian Government Tried to Rename Inflation to Blame It On Climate Change

Recent reports circulating online have claimed that the Canadian government considered renaming “inflation” to terms like “heat-flation” or “climate-flation” to link rising prices with climate change. 

According to Blacklock’s Reporter, a paywalled news service focusing on Canadian federal politics, the Privy Council Office allegedly conducted a focus group in April to test public reception of terms like “climate-flation” and “heat-flation”. The report suggests this was an attempt to associate the rising cost of living with climate change.

It’s important to note that there is no evidence that this proposal ever moved beyond the exploratory stage or that it was seriously considered by senior government officials. The Canadian government has not made any official statements or policy changes regarding the renaming of inflation.

Inflation, as defined by economists, refers to a general increase in prices and fall in the purchasing value of money. Its causes are complex and multifaceted, including factors such as monetary policy, supply chain disruptions, and global economic conditions.

While climate change can impact certain prices, particularly in agriculture due to extreme weather events, it is not typically considered a primary driver of overall inflation by mainstream economists.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Study: Canadian Dairy Farms Dumped $15B Worth of Milk in Ten Years

October 25, 2024, 11:29:00 AM

Bank of Canada Further Cuts Policy Rate by 50 Basis Points to 3.75%

October 23, 2024, 09:55:38 AM

Canadian Inflation Cools to 1.6% in September, Lowest Since 2021

October 15, 2024, 08:43:42 AM

Heat-flation? Report Says Canadian Government Tried to Rename Inflation to Blame It On Climate Change

October 8, 2024, 07:49:48 AM

Canada Eyes Ban on Chinese, Russian Car Tech, Following US Lead

September 25, 2024, 07:10:00 AM

Warning Signs: Canada’s Employment Data Echoes Pre-Recession Era

September 11, 2024, 11:14:00 AM

International Student Cap Leads to Steeper-Than-Expected Enrollment Decline

September 9, 2024, 03:18:00 PM

Canada’s Unemployment Rate Rises to 6.6% in August Amid Mixed Job Market

September 6, 2024, 11:00:59 AM

NDP Walks From Supply And Confidence Agreement With Liberals

September 4, 2024, 01:06:15 PM

Quantitative Peopling: Population Growth Masking Economic Challenges in Canada and Australia

August 27, 2024, 02:02:00 PM

US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’

August 27, 2024, 08:02:10 AM

Canada’s Job Market Continues to Mask Underlying Weakness with Public Sector Expansion

July 31, 2024, 02:26:00 PM
Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024