February 2022 Survey

Should I continue to press the government to restrain spending so as to limit inflationary pressure?

Inflation rises when government prints too much money and injects too much cash into the economy. Too many dollars chasing too few goods causes prices to rise. On the other hand, some people feel they still need the money that government is dispensing in COVID stimulus spending. The Parliamentary Budget Officer thinks the time for stimulus spending is ending, but some industries - like tourism and hospitality, and their workers - are still hurting.