Pinnacle Digest

Tag: inflation tax

Inflation Still Running Hot in Canada Above 3%

Posted on by Alexander Smith

Inflation in Canada is continuing to run hot, despite falling from a 10-year high in May. The annual inflation rate came in at 3.1% in June, down from May’s blistering rise of 3.6%. Investors and consumers alike need to remember that rising inflation may be the greatest threat facing our economy. Gold was heating up […]

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The Biggest Unapproved Tax Increase in Canadian History?

Posted on by Alexander Smith

The pandemic has opened up a pandora’s box of social spending, unlike anything we’ve seen before. In the fiscal year 2020/21, the budget deficit totaled $314.00 billion, up from ‘just’ C$21.77 billion in the previous year. And, with the Liberals poised to win a majority this summer potentially, the future of deficit spending and the […]

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