Anti-Inflation Act

The Anti-Inflation Act was a Canadian Act of Parliament that was passed in 1975 by Prime Minister Pierre Trudeau's government to slow down the rapidly increasing price and wage inflation. Among its many controls, it limited pay increases for federal public employees and those in companies with more than 500 employees to 10 per cent in the first year, 8 per cent the next, and 6 per cent thereafter. The price and wage controls were enforced until 1978, and the act was repealed in 1979. A similar program aimed only at the public sector was introduced in 1982.

Anti-Inflation Act

The Anti-Inflation Act was a Canadian Act of Parliament that was passed in 1975 by Prime Minister Pierre Trudeau's government to slow down the rapidly increasing price and wage inflation. Among its many controls, it limited pay increases for federal public employees and those in companies with more than 500 employees to 10 per cent in the first year, 8 per cent the next, and 6 per cent thereafter. The price and wage controls were enforced until 1978, and the act was repealed in 1979. A similar program aimed only at the public sector was introduced in 1982.