Younger Canadians more worried than others as inflation reaches 30-year high – Saanich News

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.

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