Welcome to the latest episode of Make Money Count! The latest Federal Reserve report just dropped, and it’s raising eyebrows on both sides of the border. With rising inflation, stagnant growth, and mounting uncertainty, now’s the time to ask: What does this mean for your mortgage, your investments, and your financial future?
Stagflation: Are We Headed for the Worst-Case Scenario?
The Federal Reserve has lowered its growth expectations and raised its inflation forecast, a painful combo for both consumers and businesses. Could this same scenario spill over into Canada?
What’s Causing Inflation in a Sluggish Economy?
The surprising answer: tariffs. U.S. companies facing higher import costs are passing those increases to customers, testing just how much people are willing to pay. If they can get away with it, prices keep going up, keeping inflation stubbornly high.
Why Canada’s Bad Job Market Might Be Good News
Canada’s weakening labor market is easing inflationary pressure. With fewer job openings and more people looking for work, wages aren’t rising as fast, which keeps service costs from spiraling. Could this give the Bank of Canada more room to cut rates sooner?
What Should Canadian Homeowners Do Right Now?
With the U.S. unlikely to cut rates soon, and Canada facing less inflationary heat, variable-rate mortgages could become even more attractive. Locking into a fixed rate today might mean missing out on future savings. Is now the time to rethink your mortgage strategy?
Don’t put your finances on autopilot. With rising uncertainty, staying flexible and informed is key. Do you have a plan if things get worse before they get better?
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Don’t forget to watch the full podcast episode for more insights and real-world examples.