MP Lawrence Releases Statement on Inflation

In National
Philip Lawrence Official Portrait / Portrait Officiel Ottawa, ONTARIO, Canada on 22 November, 2019. © HOC-CDC Credit: Bernard Thibodeau, House of Commons Photo Services

Philip Lawrence, Member of Parliament for Northumberland-Peterborough South, released the following statement on Statistics Canada’s report detailing inflation levels reaching an eighteen-year high.

“Canada’s inflation rate is at its highest point since 2003, with the cost of living up 4.7 per cent from last year. Soaring inflation rates, coupled with a cost-of-living crisis, are negatively impacting families across Northumberland-Peterborough South. Food is getting more expensive. Gas and home heating are costing more. And housing prices continue to reach new records.”

“With more and more Canadians struggling to make ends meet, now is the time for action, not more platitudes. It is time for our Government to increase the resiliency of our supply chains, get spending under control, and keep the Bank of Canada’s monetary policy framework at the 1 per cent to 3 per cent inflation target.”

Pete Fisher
Author: Pete Fisher

Has been a photojournalist for over 30-years and have been honoured to win numerous awards for photography and writing over the years. Best selling author for the book Highway of Heroes - True Patriot Love

Join Our Newsletter!

Want to keep up to date on news and events in Northumberland? Subscribe to newsletter!

You may also read!

Video – Photo Gallery – Lots to See at A.K. Sculthorpe Marsh in Port Hope

https://www.youtube.com/watch?v=S3-ZNOPRYRI There is always lots of wildlife to see this time of year at A.K. Sculthorpe Marsh in Port Hope. On

Read More...

Chemetron Lagoon Parking Lot and Waterfront Trail Partial Opening in Port Hope

https://www.youtube.com/watch?v=PglBqWLjpfU The revitalization work being completed by Canadian Nuclear Laboratories (CNL) at the Chemetron Lagoon (part of the Port Hope

Read More...

Video – Omni Quality Living Celebrated Its 50th Anniversary with a Party at Streamway Villa In Cobourg

https://www.youtube.com/watch?v=IS6oucXp7ic Celebrating 50 years of caring, Omni Quality Living held a birthday party at Streamway Villa in Cobourg on July

Read More...

Mobile Sliding Menu