With Pressure Growing to Act, Liberals Reference Inflation Worries in Throne Speechon November 23, 2021 at 9:59 pm

OTTAWA—The federal Liberals are facing rising pressure to detail how they plan to rebuild an economy upended by COVID-19 and cool inflation after delivering a throne speech that promised to rein in the rising cost of living. The annual inflation rate hit an 18-year high in October, fuelled largely by rising prices at the pumps and grocery store aisles, with help from housing costs that may be shaking off their mid-year moderation. Adding to price pressures are snarled supply chains around the globe that have been unable to keep up with rising consumer demand for goods. Tuesday’s throne speech, which laid out the Liberals’ priorities for their third mandate, noted that inflation worries are affecting countries around the world, including at home despite the country’s economic performance. The text of the speech spoke of the need to tackle the rising cost of living and pointed to Liberal campaign promises on …

The Canadian Press

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