Writer Zachary Carter explains how we’ve been incorrectly talking about inflation in America over the last several decades.
From the linger effects of the pandemic to high inflation rates driving up prices, the U.S. isn’t the easiest place to live right now for many people. But there is a rosier perspective to what’s happening, including what is by many indicators, a strong economy.
“If you look at where the economy was a year ago, 15 percent of American parents were reporting that their children were going hungry in the U.S.,” — Zachary Carter, author of “The Economy is Good, Actually,” and the book, “The Price of Peace.”
Listen: Why Democrats aren’t taking credit for a good economy?
“If you look at where the economy was a year ago,” says Carter, “15% of American parents were reporting that their children were going hungry in the U.S.”
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OTTAWA – Statistics Canada says the country’s merchandise trade deficit narrowed to $1.3 billion in September as imports fell more than exports.
The result compared with a revised deficit of $1.5 billion for August. The initial estimate for August released last month had shown a deficit of $1.1 billion.
Statistics Canada says the results for September came as total exports edged down 0.1 per cent to $63.9 billion.
Exports of metal and non-metallic mineral products fell 5.4 per cent as exports of unwrought gold, silver, and platinum group metals, and their alloys, decreased 15.4 per cent. Exports of energy products dropped 2.6 per cent as lower prices weighed on crude oil exports.
Meanwhile, imports for September fell 0.4 per cent to $65.1 billion as imports of metal and non-metallic mineral products dropped 12.7 per cent.
In volume terms, total exports rose 1.4 per cent in September while total imports were essentially unchanged in September.
This report by The Canadian Press was first published Nov. 5, 2024.
