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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.

 

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