Consumer prices decreased in June from May in nine provinces (all except Alberta). But Saskatchewan was tied for the smallest monthly price decline: -0.3%.
Compared to the rest of Canada, Saskatchewan residents experienced nearly the largest increase in the cost of living over the past year and received a relatively small break last month.
The provincial government’s proposed labour law changes threaten to weaken the ability of workers to collectively bargain pay increases that keep pace with the rising cost of living. Saskatchewan now has Canada’s second-lowest minimum wage. The government should boost the minimum wage to a more reasonable level and then consistently increase it with inflation.
- Inflation Collapse Confounds Monetary Hawks (May 17th, 2013)
- Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor (May 3rd, 2013)
- Margaret Thatcher’s Economic Legacy (April 16th, 2013)
- Mark Carney’s tenure and the state of monetary policy (November 27th, 2012)
- Prices Decline Yet Again (August 17th, 2012)