Conservatives Say “Life under Carney Unaffordable”

OTTAWA — The Conservative Party says Canadians “can’t afford life under Carney,” pointing to grocery inflation, household debt, credit-card pressures and surveys showing families worried about unexpected expenses. Where the Conservative release becomes less precise is in assigning responsibility for those conditions and in comparing different economic measurements. Claim: Canada Has the Highest Food Inflation in the G7 — AccurateThe Conservatives say the OECD has confirmed Canada is experiencing the highest food inflation in the G7. June was also the 17th consecutive month in which grocery inflation exceeded the all-items Consumer Price Index. Claim: Food Inflation Is “Almost Double” the Inflation Target — Needs ContextAt 3.9 per cent, grocery inflation was nearly twice the Bank of Canada’s two-per-cent inflation target.