Yes, unquestionably. There's something like one third of the CPI that's imported, so there's going to be a direct impact there, particularly in highly visible areas like food and energy.
On January 24th, 2022. See this statement in context.
On January 24th, 2022. See this statement in context.
January 24th, 2022 / 3:10 p.m.
Senior Fellow, Macdonald-Laurier Institute
Yes, unquestionably. There's something like one third of the CPI that's imported, so there's going to be a direct impact there, particularly in highly visible areas like food and energy.
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