SOARING COST OF LIVING HAS PM ‘CONCERNED’

Prime Minister Justin Trudeau said Wednesday he is “extremely concerned” by increases in the cost of living caused by high inflation, adding Liberal government policies should help address the issue. Canada’s annual inflation rate hit an 18-year high of 4.7 per cent in October, far above the Bank of Canada’s 2 per cent target, and analysts predict it will rise further. The official opposition Conservative

Party says Trudeau is to blame, pointing to major government spending programs introduced to fight the COVID-19 pandemic. “We are extremely concerned about the rising cost of living brought to people by inflation,” Trudeau told the House of Commons. He unveiled his formal agenda on Tuesday and promised to focus on cutting the costs of daycare and housing.