Article Date 22/11/2021

Inflation is a major headache for households, but not for Ottawa's finances

Source Globe and Mail

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Galloping inflation is a major headache for Canadian households, but not for Ottawa's finances.

The biggest price surge in two decades is set to deliver a revenue bounce worth billions of dollars as the government prepares to deliver a fall fiscal update.

The April budget presented a picture of an economy rebounding briskly, with a burst of moderately higher inflation. In the intervening months, however, that assessment has turned out to be overly optimistic.

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