Home Economics: How rate hikes will affect you; Giving fixed income a second look - BNN Bloomberg

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Home Economics: How rate hikes will affect you; Giving fixed income a second look - BNN Bloomberg
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Home Economics newsletter: Why you should now take a second look at fixed income investments and how rate hikes will impact mortgages, loans and your spending.

A survey by MNP found 27 per cent of respondents said they werelike food, hydro and housing as the cost of living continues to skyrocket. “No matter where Canadians turn, there is no reprieve; housing is more expensive, driving a car is more expensive, food is more expensive,” said MNP President Grant Bazian. He also gave a gloomy outlook for Canadians, saying things will likely get worse before they get better.

can help them develop a healthier relationship with money in their future – especially since parents shouldn’t rely on the school system to adequately teach kids about finances, the experts said.

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