Reporters have been calling on Gurupdesh Pandher, a professor of finance in the Odette School of Business, for his expertise in explaining inflation and its impact on the economy.
He was interviewed for a column by the CBC, for a discussion on the BBC World Service, and by two radio stations in Western Canada — CHED, Edmonton and RED-FM, Calgary — Aug. 16 and 17.
CBC News interviewed Dr. Pandher for a piece published Aug. 15 entitled “Slowing inflation does not mean you get your spending power back.”
CBC business columnist Don Pitts quoted Pandher as worrying about declines in purchasing power and the impact on business and markets. As wages fall behind inflation, the slump in consumption will hurt Canadian businesses and may signal more economic trouble ahead.
“Keep in mind that if wages are not going up sufficiently, there will be less money by consumers to buy in the future, so that’s going to come back and bite those companies as well,” Pandher said.
Pandher went global when interviewed by the BBC World Service on Aug. 16 for its World Business Report. He talked about recent changes in the Canadian inflation rate and the likely response by the Bank of Canada.
He pointed out that households will suffer effects from two directions: the loss in purchasing power if their pay does not rise proportionally and, secondly, a reduction in their wealth due to declines in the value of assets like stocks, bonds, and real estate as the central bank raises interest rates to counter inflation.
To access the show’s audio file, click here: https://www.bbc.co.uk/sounds/play/w172yk8tpgrkyyl; Pandher’s segment begins at the 12:50 mark.