Let's check in with Stats Can and see how the inflation-deflation picture is shaping up (red arrows since 2008). SOURCE
- Inflation: Below target heading towards the flat line.
- Manufacturer's Prices: Slumping well off the highs; producers unable to raise prices.
- Wages: Permanent worker wages heading towards the 2011 lows.
- Housing: Following the downtrend of the other price metrics.