With increasing housing prices, higher interest rates and inflation on the rise, it’s no surprise Canadians are concerned about their personal finances.
“Inflation has risen to a 30-year high, something younger Canadians have never experienced before.
But paying down debt was the second-highest priority, followed by investing in the stock market to generate more income.
However, this is also the phase of the business cycle that requires precision – and a little luck – from the central bank as they try to orchestrate a soft landing,” Caranci noted.