Is Inflation Hurting your Retirement Plan?

Is Inflation hurting your Retirement Plan in Newfoundland?

The Problem? If you are investing in GICs or High Interest Savings Accounts, you may be earning less than 2.4%. (In November 2017, Canada’s inflation rate was 2.1%, and in 2024, the average annual inflation was 2.4% according to Statistics Canada.) If so, your money may be losing purchasing power — which is not good. A quick look online or a review of your recent investment statements will give you the answer.

We have a solution! Call us at (709) 634-0071 to learn how we help Newfoundlanders build investment portfolios designed to outpace inflation and protect your long-term financial goals.