| To: Goose94 who wrote (114837) | 10/20/2021 9:24:13 AM | | From: Goose94 | | | | Canada’s inflation rate rose in September to the highest level since February of 2003. The 4.4 per cent year-over-year increase in the consumer price index last month marked an acceleration from August and is bound to stir new concerns about the rapidly rising cost of living in this country and the consequences for the Bank of Canada as it attempts to untangle transitory from non-transitory factors. We’ll have plenty of reaction throughout the day.
Ahead of the inflation data, we saw a, a sobering reminder of the challenges facing many Canadians: a new Angus Reid Institute survey suggests almost half of Canadians (46 per cent) are finding it difficult or very difficult to cover the costs of feeding their family. And almost eight-in-10 respondents (79 per cent) said their salary hasn't increased enough to compensate for higher food costs.
BNN.ca |
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| To: Goose94 who wrote (114829) | 10/20/2021 9:39:40 AM | | From: Goose94 | | | | Gold: and bonds are both considered to be safe havens. But in a recent podcast, Peter explained why bonds are not a safe haven in an inflationary environment. In fact, bonds - including US Treasuries - are a risk asset when inflation is running hot. If you want safety from inflation, you need to buy gold.
Gold Is an Inflation Safe Haven, Not Bonds schiffgold.com
Mr. Peter Schiff |
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