The Anti-Inflation Act (French: Loi anti-inflation) was an Act of the Parliament of Canada, introduced by Prime Minister Pierre Trudeau's government and passed in 1975, which aimed to slow down the rapidly increasing price and wage inflation.
[1][2] Prior to 1975, the Bank of Canada had warned the government about the dangers of the current inflation which was roughly 10% per year.
In response, the government introduced Bill C-73, the precursor to the Act, to the Parliament of Canada.
[citation needed] Previously, Pierre Trudeau had mocked the idea in the 1974 Canadian federal election.
[citation needed] The Act proved highly contentious and there was much debate over whether the Parliament of Canada had overstepped its powers in enacting the law.