Child care is getting cheaper, but it's not the inflation buster Ottawa says it is — via financialpost Canada Economy ChildCare Inflation
“Our answer to inflation, for example, is what we fought on in the last election, which was $10-a-day child care right across the country. And that’s one of those things that we actually are delivering right now,” TrudeauThe prime minister was reaching; the weight of child care in the broader price basket isn’t big enough to offset surging fuel, food and shelter costs.
The shift shows that even though inputs — wages, materials, and goods — across the economy are becoming more expensive, the prices that parents pay for child care are going down, said Gordon Cleveland, a retired economics professor at the University of Toronto who focuses on child care. Morna Ballantyne, executive director at Child Care Now, a non-profit advocacy group, said she speculates the 50-per-cent target was chosen because the system overall needed time to adjust. Going straight to $10 a day would have been “too dramatic of a drop,” she said.Article content
Armine Yalnizyan, an economist, said the program never should have been put forward as a weapon in the current fight against inflation. Still, it “
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