Fuel was in the $2.98 CND a gallon on July 1, 1996 and it is $6.56 CND this morning. The 1996 average retail cost of a dozen eggs was $2.85 CDN and is $3.87 CND this morning. Add 24% in exchange rate and that fixed income sure looks meager.
...the "inflation rate" in Canada over the past 11 years has been betwwen 0.3% (2009) and 2.9% (2011). Both 2013 (and it appears, 2015 is shaping up to be) inflation rates has been (will be) incredibly low (0.9% and the 2015 estimate: 0.8%). Our Central Bank will be actually lowering borrowing rates (for banks), and eventually, to consumers again (vis. claimed Canadian recession).
Everyone really has to look at their personal "basket of goods", and can more accurately calculate their own inflation rates Scenario A) if you grow most of your own food, don't drive, don't have any mortgage or bank loans, don't travel, and rely exclusively on Canadian Medicare, and are in a lower retirement tax bracket, what will your inflation rate be? It may be 0%, or perhaps 0.3% because of your insurance and property tax bills perhaps going up.
Now, Scenario B) if you have sold off your house, bought a used RV in good shape cash and live in it when in Canada, and travel in winter in it in to the southern USA: your major costs would be fuel (inflation rate could be huge, or zero), food (because you are no longer able to grow most of it), travel health insurance for Canadians for 65+ couple could cost $thousands, and now the big one: literally everything you buy in the US you, of course, must buy in USD (this year: an increase of 25% in cost for Canadian buyers!)...so, what will the inflation rate be for such a Canadian?
This year, we have seen the lowest percent of Quebecers going on vacation and traveling abroad ever recorded....HOWEVER, we have seen the largest influx of travelers visiting Quebec this year since records have been kept (so, this begs: who is visiting? Where to Quebecers go to on vacation?).
Currency, fuel and inflation prediction:
Impossible to predict. Only 1 or 2 economists in hundreds of thousands have been able to predict only 1 of the 3 successfully...but even this has been hit and miss (ie. predicting currency, fuel and inflation numbers is nearly impossible to do consistently; it is like predicting what the weather will be in the sky above a 5 square meter patch of ground somewhere in Kentucky, 3 weeks from today) LOL