Interest rates have caused USD to be far higher in 2022 which caused a divergence, though I’m not sure how they had so much inflation relative to us. I know they didnt do mass immigration, which kept wage pressure high. Their “quiet quitting” phenomenon that we once had never ended.
Canada overall has tracked the price of oil.
https://images.ctfassets.net/mmptj4yas0t3/6g8MjGiPfKiwK7zdlwWJLe/b77cfb20fc7105f398914a6ef5cb64ff/econ-e-20250115-fig2.png?w=992&h=559&q=50&fm=webp
Interest rates have caused USD to be far higher in 2022 which caused a divergence, though I’m not sure how they had so much inflation relative to us. I know they didnt do mass immigration, which kept wage pressure high. Their “quiet quitting” phenomenon that we once had never ended.