Exactly how much pain should we expect for our personal finances in the rest of 2022?
This article contextualizes how inflation, interest rates, portfolios and job security are all intertwined. The Canadian economy panicked earlier this summer when inflation accelerated to rarely-seen levels, driving interest rates higher, investment markets lower and shattering the long-believed notion that real estate prices always go up. With the rate of inflation slowing down, caution when monitoring these metrics is still merited but this article does a very good job of explaining why there is still cause for optimism.
