Purchasing power of some federal benefits shrinking as surge in inflation outpaces indexation formulas

The Liberals have consistently touted the inflation proofing of federal benefits as a protection against the rapidly rising cost of living, and a political defence of their economic management.

Last December, Finance Minister Chrystia Freeland responded to questioning on inflation by pointing to the indexation system for federal benefits.

“So, I think one piece of assurance that we can collectively offer to the most vulnerable Canadians is the benefits they depend on are actually going to be linked to the costs that they face in their lives,” she said at a Commons finance committee hearing .That point was again made in […]

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