Personal finance expert Rubina Ahmed-Haq said on CBC News Canadians can reduce the effects of inflation on their household budgets by getting raises from their boss..“One way you can mitigate that is speaking to your employer about getting a raise,” said Ahmed-Haq in a Tuesday segment. .Ahmed-Haq said it's reasonable for people to approach their employers to ask for more money because of high inflation. She added people should tell their employers it's becoming impossible to live on their salaries in the city in which they were hired. .She said people should try to have 30% of their salaries go to covering rent and hydro. .“If that doesn’t work, looking for another job, especially if you’ve got skills that are in demand, will often give you the bump that you need to afford that apartment and that rent that goes with it,” she said. .Canada’s rate of consumer inflation continued to rise, reaching 8.1% year-over-year in June following a 7.7% gain in May..READ MORE: Inflation in Canada hits 8.1% in June, largest jump in 39 years.“The increase was the largest yearly change since January 1983,” said Statistics Canada. .“The acceleration in June was mainly due to higher prices for gasoline, however, price increases remained broad-based with seven of eight major components rising by 3% or more.” .This segment comes after former CBC reporter Marianne Klowak left her position because she said the broadcaster was ignoring journalistic principles.
Personal finance expert Rubina Ahmed-Haq said on CBC News Canadians can reduce the effects of inflation on their household budgets by getting raises from their boss..“One way you can mitigate that is speaking to your employer about getting a raise,” said Ahmed-Haq in a Tuesday segment. .Ahmed-Haq said it's reasonable for people to approach their employers to ask for more money because of high inflation. She added people should tell their employers it's becoming impossible to live on their salaries in the city in which they were hired. .She said people should try to have 30% of their salaries go to covering rent and hydro. .“If that doesn’t work, looking for another job, especially if you’ve got skills that are in demand, will often give you the bump that you need to afford that apartment and that rent that goes with it,” she said. .Canada’s rate of consumer inflation continued to rise, reaching 8.1% year-over-year in June following a 7.7% gain in May..READ MORE: Inflation in Canada hits 8.1% in June, largest jump in 39 years.“The increase was the largest yearly change since January 1983,” said Statistics Canada. .“The acceleration in June was mainly due to higher prices for gasoline, however, price increases remained broad-based with seven of eight major components rising by 3% or more.” .This segment comes after former CBC reporter Marianne Klowak left her position because she said the broadcaster was ignoring journalistic principles.
