Thu Jan 20, 2022 – 4:36 pm EST
OTTAWA, Ontario (LifeSiteNews) – Canada’s inflation rate hit a 30-year high, a level not seen since 1991, fueled by massive government COVID borrowing and spending, as well as through the funding of extremist environmental programs combined with billions given to pro-abortion groups.
According to the latest Consumer Price Index Data report from Statistics Canada released January 19, compared with this time last year, the cost for goods has risen 4.8 percent, with the highest being in the province of Prince Edward Island, which saw an astonishing 6.7 percent increase.
The cost of food has risen 5.2 percent compared with this time last year, with the cost of fuel, of which significant carbon taxes are imposed, going up a whopping 33.3 percent compared with a year ago.
The costs of owning and operating a private vehicle soared 10.7 percent, with the cost of owning a household going up 14.8 percent overall.
Nationwide, the cost of meat has risen 9 percent, and dairy costs have gone up 3 percent.
The federal government under Prime Minister Justin Trudeau has been borrowing billions of dollars over the last two years to fund both its COVID programs and ideologically driven programs.
As a result, Canada’s debt has nearly doubled to approximately $1.2 trillion in the span of less than two years, from around $685 billion in 2019.
Put another way, every person in Canada would have to pay $31,000 for Canada’s debt to be erased.
In fact, in June 2021, Canada’s Parliamentary Budget Office, in its Fiscal Sustainability Report, stated
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