Episode 72: How Will Canada's Falling Inflation Rate Affect You?

Are you wondering what's causing Canada's inflation rate, and how it will affect you? In today's episode, I discuss different causes of inflation and their effects.

If you invest heavily in bonds and fixed-income investments with a lower rate of interest, you will experience a decline in the purchasing power of your money as the inflation rate surpasses the interest rate.

In order to factor in the future purchasing power of your investments, it is important to have a well-diversified portfolio. This includes investing in several different types of security that are diversified in terms of sector, markets, currency and even country. This helps to mitigate your risk and maintain the integrity of your investment.

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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government's website. Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.