Message from the CEO on inflation and interest rate

Canada’s inflation rate was 7.6% in July. That’s down slightly from the month earlier but still creates many challenges for businesses. Common questions include how much cost can be passed on to customers, and should wages be increased accordingly?
 
To try and answer some of these, and to shed some light on the role interest rates play in managing inflation, I hosted a special panel of financial experts:

• Chris Yuan, Associate Wealth & Investment Advisor (RBC)
• Jared Heimsoth, Director, Capital Markets (CIBC)
• Kevin Greenard, Senior Wealth Advisor and Portfolio Manager (Scotiabank)
• Manny Del Dago, Senior Wealth Advisor (Island Savings)
• Susan Mowbray, Partner, Consulting (MNP)

The discussion was informative and enlightening. I encourage every Chamber member who wants to better understand what’s happening with the economy to watch the recording of our conversation. I know it helped me, especially as there are reasons for optimism that aren’t always reflected in the media. We’re lucky to have Chamber Champions who continue to help us get through every challenge that arises.
 
Thank you,
 
Bruce Williams
CEO, The Chamber