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International Day of Older Persons: Aging is Not a Barrier
Here is an open letter from the president of Réseau FADOQ, Gisèle Tassé-Goodman. ...
Good ole inflation! From your cup of coffee to the gas pump, pet grooming or a new winter coat, you’re always paying more. Let’s compare inflation and recession, and place them in the context of your personal finances: How should you react when the economic forecast calls for stormy weather?
A recession occurs when economic activity declines for 6 straight months in most sectors. It’s measured using the gross domestic product (GDP). This disruption also impacts the work market and causes job losses.
When a recession sets in, unemployment rises and income tends to plummet. To offset this, the Canadian job market has grown significantly since the end of the pandemic, so no worries there.
Here are some strategies for achieving this:
Your best bet is to contact a financial advisor who can help you build a personalized strategy based on your investment profile.
For more information, call 1-888-852-6666.
This document is provided for information purposes only. Under any circumstances, it should not be considered as financial, legal or tax advice.
*Beneva designates Beneva Inc., Financial Services Firm.