How younger Canadians can prepare themselves for a potential recession
BNN Bloomberg
Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines tend to happen before a recession strikes.
Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines tend to happen before a recession strikes.
Kumar recently left his job in tech and even though he managed to save eight months' worth of money for living expenses in order to make the career change, he is budgeting much more diligently now since he does not have a regular salary.
Camille Horrocks-Denis is a documentary media student, and while she is supported by provincial loans and grants, works two jobs and lives with her partner, the high cost of living in Toronto is making her day-to-day more challenging as she considers the potential impact a recession might have on someone like her.
