Economist Jeff Rubin offers 'A Map of the New Normal'
Economist Jeff Rubin has a warning for Canadians – "inflation is part of the new normal."
Rubin's new book explores how the worldwide response to COVID-19 set economies on track for massive inflation, first at the grocery store and the gas station, and now in wages.
In A Map of the New Normal: How Inflation, War and Sanctions Will Change Your World Forever, Rubin drills down on the impact of quantitative easing, the printing of new money that enabled the federal government to spend billions of dollars in pandemic relief payments.
Rubin told CTV News the growth in Canada's money supply "created a powder keg and the sanctions against Russia – the world's largest energy and resource exporter – was all that was needed to blow that powder keg sky high."
Rubin will speak in Calgary on May 23, at the Central Library in an event for Wordfest.
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Edmonton
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Tkachuk-McDavid post-whistle scrum is 'classic playoff hockey' in the Stanley Cup Final
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Oilers guns wake up to chase Bobrovsky in Game 4 win
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Lethbridge
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City providing free daisies for Lethbridge to celebrate loved ones on Father’s Day
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Jack Ady Cancer Centre unveils Amir and Saker Manji Healing Garden
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Investigation underway into fatal pedestrian collision in Lethbridge
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Vancouver
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Basketball ban at townhouse complex upheld by B.C. tribunal
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Section of Highway 99 closing overnight Sunday
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Vancouver Island
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Teenager in critical condition after near-drowning at Vancouver Island lake
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Climate disasters require emergency plans for dialysis patients, experts say
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Victoria pulls cash from its financial reserve to help its most vulnerable citizens
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Saskatoon
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'He killed her': Saskatchewan judge finds Greg Fertuck guilty of killing his wife
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Two teenage girls, 13 and 17, charged for allegedly using bear spray in Saskatoon robbery
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New study says half of Saskatoon hospital beds are unused
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Regina
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No injuries reported after camper engulfed in flames in parking garage: Regina fire
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'They have that support': Hundreds take part in Queen City Pride Parade
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A wooly good day: Sask Parks recruit new landscaping experts
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Toronto
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Toronto politicians, advocates and other prominent figures share important lesson imparted by their fathers
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Montreal
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Neighbours petition against Montreal airport's proposed extended hours
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Atlantic
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Shell processing plant suspends operation, 20 staff laid off
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Market Square patios reopen on interim basis
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Winnipeg
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New monument honours victims, lives lost one year after deadly Carberry crash
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'If they can run, I can run': 87-year-old set to complete 10th Manitoba Marathon race
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'I'm just thankful': Indigenous group graduates from University of Winnipeg
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Ottawa
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Bluesfest adds extra day to accommodate mystery performer
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Environment Canada issues heat warning with temps expected to hit 35 C next week
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Collision on Mitch Owens Road leaves pedestrian in life-threatening condition
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Northern Ontario
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Police rescue three from Lake Temagami after boat sinks
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Strong majority of LCBO workers vote to back strike if needed, union says
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Motorcyclist taken to hospital in Highway 400 on-ramp crash
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Kites and sand castles take over Wasaga Beach through Father's Day weekend
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Pedestrian hit west of Erin
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London
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VIDEOVIDEO 'Worrying about an explosion': Black smoke spreads for kilometers after three boats catch fire in Port Stanley, Ont.
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'It brings our culture together': European soccer championships good for local business
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On the bright side with Julie Atchison
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Windsor
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Fatherly advice for a soon-to-be dad on Father's Day weekend
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City of Windsor names new infrastructure services commissioner
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Most glassware at Mexican Village stolen by customers: WindsorEats owner
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