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Inflation in Canada - New Record!
I am shocked as the costs of living are increasing at its fastest pace in decades. And wages not so much. Statistics Canada says that Canada's inflation rate rose to 8.1 per cent last month. With high gas prices we can't count on any improvement. Bankers say it is not the end of hikes. Bank of Canada will probably rise lending rates in September. Some foresee that rates can start dropping early next year. It is super tough time for everyone. I have already started saving up. What is your plan for near future? Please share if you have any plans what do to to make life easier.