With inflation and interest rate hikes, taking on any debt right now might be a hard pill to swallow. But if you need a car, it’s important to understand what you’re signing up for before you begin financing your car through a loan or a lease.
Policymakers at the Bank of Canada are hoping to bring down raging inflation through a series of interest rate increases, the latest of which was set at an “eye-popping” 1% or 100 bps. It’s an aggressive move that shocked many economists.
Inflation has hit a 40-year high and no one is referring to it as transitory anymore. Central bankers have turned off the easy money taps and raised rates, but inflation keeps rising. What will they have to do to slay inflation? Head over to cansofunds.com to read the full article.