Recession fears? Canadians cutting spending, worried about debt levels | Financial planner reacts

Financial planner John Klotz breaks down a new survey showing that Canadians are struggling to keep up with the cost of living.

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24 comments

  1. Let’s pay a corporation with government money to solve this problem too, it “worked” for health care, electric cars, solar power and everything else.

    1. Yeah the ceo of td bank sure “owns nothing”… except the 23 million dollars he got paid just for one year. What are you even talking about?

  2. lol. — Government: Give corporations that are making record profits more money. For Canadians “Childcare is the fix for inflation”. Give me a break. Governments are there to screw the small guy. “get another job”. Step off.

  3. I have made more money during this current time then I ever have before. Bought 3 Condos – August 2020 when no one was buying and they all doubled. Found a new job and making double income. Renting all the condos out for massive rent and they are all cash flow positive.

  4. inflations getting crazy, i’m gonna have to start cutting down on things like making payments soon..

    1. we’re already in a recession but the bigger risk from here on is not inflation, it’s deflation, hence i will suggest you get yourself an investment-coach that can provide you with entry and exit points on the assets you focus on.

    2. @Esther W. Nielsen, I agree with you on that, With the rate of inflation ravaging Russia and the world at large, the economy is heading towards a severe recession, and The best way to find that balance between saving and living is to employ the services of a professional.>

    3. @Linda Gardner I agree with you, I was able to outperform the market during this inflation and raise a profit of roughly 200k. Thanks to my coach “Cintra V. Bedassie”.

  5. Things are going to get a lot worse… I can’t see a way out of this….
    Your Liberal government is more concerned with Ukraine…
    They haven’t done anything to help you…A Canadian…
    Keep voting the same way and get the same results…

  6. Don’t forget “to get your booster shots”, it’s only “2 weeks to flatten the curve, “we’re all in this together” and once we are all poor and bankrupt “we’re going to build back better”…. Wake up Canada and start taking accountability and responsibility for your own situations

  7. I’m concerned about the federal government sending workers to sneak into Saskatchewan and trespass on private property.
    Then there’s the sending MP’s to Taiwan to stir the war pot also
    did anyone else notice the very enthusiastic greeting deputy tweak gave the German chancellor? She know he’s probably only here to have a hot shower ?

  8. The price of groceries has doubled….rents have skyrocketed. Everything has increased EXCEPT income 🙄

  9. As inflation soars and the economy slows, be sure to thank your local Liberal member of parliament or your local NDP member of parliament.

    Because inflation is the DIRECT result of Liberal federal government monetary policy, with such policies shamelessly supported by the NDP.

  10. If they just froze all homowners HELOCS and removed available unused HELOC CREDIT blocked out investors from buying investment properties I bet you wouldn’t even have to raise rates…

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