How soaring gas prices and inflation are hitting Hamilton-area small businesses and workers
CBC
Everything seems to be getting more expensive. Food, gas and housing prices are on the rise while paycheques are slow to keep pace. The CBC News series Priced Out explains why you're paying more at the register and how Canadians are coping with the high cost of everything.
For the past three years, Lindy Bouwer has provided housekeeping and child care services for Ontario families in Hamilton, Burlington and Oakville, but says she might stop.
Not because she's tired of the work and not because she's sick of driving more than 100 km per week — the 57-year-old Hamilton Mountain resident says it's because the cost of gas prices and impact of inflation are too high.
"The cost of living has gone up ridiculously ... I'm beginning to think, 'Is it really worth my while?'" Bouwer said.
She said public transit isn't good enough to get her to places like Oakville quickly, so she may stop working and try to live off of life savings until she turns 65 and can apply for the Old Age Security pension.
Other alternatives — not easy to come by — are to find more work or find jobs closer to home.
WATCH: The impact of the rising cost of everything
Inflation has affected her expenses enough that Bouwer has changed how she cooks, trying to make food in bulk and freeze it.
"I almost feel like I want to give up," she said.
It's part of a trend reflected across Canada that has seen the price of just about everything increase.
Gas prices have spiked throughout the country in recent months. Where Bouwer lives, in Hamilton, they hit record highs in late January, passing 150 cents per litre.
On Thursday, the average retail price for gas in the city was 154.175 cents per litre, according to data from GasBuddy.
Patrick De Haan, the company's head of petroleum analysis, said he expects the historically high gas prices won't fall soon, especially as the conflict between Russia and Ukraine escalates.
Speaking before Russia invaded Ukraine, De Haan said such a military incursion could "set off a chain of events that escalates to the point where potentially Russia could decide to limit the amount of oil it's exporting," he said. That would cause prices to spike and supply to drop, De Haan added, saying Russia has done so in the past with natural gas.
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