Having extra money means people will continue spending, keeping demand for products and service high, and fuelling inflation more. Read on.
Giving money to households is “likely to contribute to the problem as opposed to solving it,” said Travis Shaw, senior vice-president of public finance at DBRS Morningstar.is trying to do with monetary policy in terms of trying to take some heat out of the system and ultimately bring down inflation,” he said.Article content, which will dole out $600 over six months to families earning less than $180,000 for each child under the age of 18 or senior.
Rounding out the $2.4-billion plan are an investment in food banks and an expansion of a public transit pass program for low-income earners. “As a province we can’t solve this inflation crisis on our own, but due to our strong fiscal position and balanced budget, we can offer substantial relief, so Albertans and their families are better able to manage through this storm.”
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