Guest Post by Francis Marion
Prologue:
Please note that food prices in the territories have always been unreasonably high due to isolation. In the early 80’s I lived for a short time near the border of Alberta and the North West Territories. A medium pizza could run you upwards of 20 bucks Canadian or more in the small community I resided in…. that was 30 years ago.
We have been through this before.
The provinces are now feeling the pinch as well with the collapsing dollar. Anything bought and paid for by retailers in US$ has seen inflation of roughly 30% in the past year and a half. This includes some domestically produced product – which when bought is ironically paid for in US$ and sold in CAD.
I have seen cauliflower here for as high as $9.00 CAD a head. A box of ammo that was $10.00 a year ago is now $13.00 to $14.00
Fuel has stayed relatively expensive even with declining oil prices. A litre of regular grade fuel will run anywhere from .85 cents CAD per litre to 1.05 CAD per litre.
Fuel has stayed relatively expensive even with declining oil prices. A litre of regular grade fuel will run anywhere from .85 cents CAD per litre to 1.05 CAD per litre.
I believe this is what is eventually in store for the US $ as it slowly but surely loses it’s reserve currency status. I am not a huge believer in hyper inflation but inflation – and I would add an uncomfortable level of it – is on the horizon.
Welcome to our world.
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