Inflation, interest rates hit lower-income Canadians’ purchasing power harder: report

https://www.cbc.ca/news/politics/purchasing-power-pbo-report-canadians-1.7345809

2 Comments

  1. It is always the lower income that gets hit the hardest. We need change corporations are bleeding the world and people dry.

  2. Unlikely-Piece-6286 on

    This report makes a lot of sense

    I was able to finance a lot of things during Covid at rock bottom rates and then put the money that I would have paid to those loans into GICs paying 3X the interest later on

    I expect somebody at lower income levels probably wouldn’t have had the confidence in the economy to finance anything at the time and then wouldn’t have had savings to invest on the back end of the time period