Meanwhile, wages have grown at a roughly five per cent clip but are still playing catch-up to prices.Īnd as food and shelter costs eat up a bigger slice of the monthly budget, families have sometimes struggled to find the money for child care, utilities and clothing - let alone a vacation. Over the past two years, financial headwinds have hit Canadians hard: inflation was at decades-high levels, borrowing costs jumped and while home prices have moderated, they're still wildly unaffordable for many. "I will talk to parents about making it clear to the child, 'We'll do this for you once."' ![]() "Parents have come to me and said: 'We're thinking of helping our kids. ![]()
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