Understanding the Impact of Hyperinflation and Interest Rates on Canadian Finances
The effects of hyperinflation and rising interest rates are creating a double financial squeeze for consumers. Food prices have soared, with significant increases in the cost of fresh fruit, meat, and vegetables. As purchasing power erodes, budgets are strained, leaving individuals and businesses struggling to keep up. Learn how wages are falling behind inflation and the challenges faced by both borrowers and savers.