Rates needed to rise before it was going to come to pass.
Rates needed to rise before it was going to come to pass.
To me it makes perfect sense that they are more granular during times when volatility is up and inflation is a concern. Otherwise everyone would be (rightfully) complaining that they are using outdated models when inflation needs to be gotten under control.
Besides, the new weighting is public. It didn’t change all that much. I’m not going to run the numbers but the napkin math says 1) it wouldnt significantly change the headline rate and 2) it wouldnt change what we take away: it’s artificially lowered by volatile items like gasoline, and underlying consistent categories are still too hot for the BoC. So while it’s true that the headline rate is “bullshit”, it’s not because they changed the weighting.
Changing the formula isn’t a problem, it changes all the time (and SHOULD change all the time). In my opinion the problem is the choice of headline from CBC. Even the article acknowledges the headline inflation rate is being influenced downwards by volatile items, and that economists as well as the BoC don’t really care what the headline rate is. All eyes are still on the underlying “warm” parts of more consistent categories.
True but the government can take legislative measures that would decrease inflation, and so it wouldn’t be necessary to raise rates.
I check in every once in a while, at least until Apollo stops working. I mostly just stick to giving people Reddit alternatives or explaining the federated internet so people aren’t scared of such a simple thing.
Selfishly I just didn’t want to use the Official App with ads. But once there’s a viable alternative to Reddit, and it’s actually better than Reddit, why would I go back? “hurr durr cause I can get a thousand updoots on my post”. Who cares? It’s about the quality of engagement. I was surprised how many people unironically care about their internet points and tie their identity up with a website.
Although a little outdated being from Nov 2022, Statistics Canada has a great breakdown of what contributes to the rising costs of food beyond transportation costs.
I’m not saying corporate profit-taking isn’t affecting prices or that we shouldn’t do anything about it, just that there’s a lot going on here. Last time I looked Loblaw’s profit margin had increased from 2% to 3% from 2020-2023. A 50% increase is a lot and I think they’re scum for doing that, but it doesn’t explain the overall ~30% increase in food prices.
Yeah I don’t know where he’s going with this or what exactly the “overreach” is. It’s the CRA, they’re allowed to look.
What does Shopify care if some customers are evading taxes? Why try and protect that? It’s probably all just grand-standing. I imagine they can delay in court but ultimately the CRA is not really “asking”.
Yeah I don’t know where he’s going with this or what exactly the “overreach” is. It’s the CRA, they’re allowed to look.
What does Shopify care if some customers are evading taxes? Why try and protect that? It’s all probably just grand-standing for their clients. I imagine they can delay in court but ultimately the CRA is not really “asking”.
I’m glad to see the CRA trying to be aggressive. Good business has nothing to hide. Other than the administrative headache, businesses should not fear being audited.
I’ve heard (please take this with a huge grain of salt) that there’s wildfires in Quebec every year, but usually the wind pushes the smoke east / northeast.
The API pricing is shit, but I care more about how I’m forced into an app with ads. That’s really the straw that made me seek alternatives in earnest.
Reddit is now filled with a bunch of people saying “we don’t even NEED mods! they just make everything worse!”, because this is apparently their first time on the Internet.
That’s what this is all about. Nobody’s trying to change spez’s mind. A lot of people were begging for a Reddit alternative for YEARS, now we finally have an opportunity to make one. They could roll back the API pricing tomorrow but for me it wouldn’t matter.
The first example I thought of was Bill Gates. He amassed his wealth from a corporation that employed anti-competitive and immoral business practices. That makes him “bad”.
But what he has done with his fortune in the past few decades definitely doesn’t make him a bad person. Is his foundation and its goals the most efficient way to go from point A to point B? Probably not. Does that make him a bad person? Probably not, but it also doesn’t absolve him of sins he committed in the past.