What's Worse, Inflation Or A Recession?

Inflation hit a 30 year high in Canada this month, and looks to continue that trend in the upcoming months. This further galvanizes the Bank of Canadas expected 50 basis point rate hike on June 1st, with more hikes anticipated, until, we enter a recession. You could argue the main indicators of a recession are already in place, being high interest rates, low consumer confidence, and stagnant wages or reduced real income in the labor market. The rising interest rates ar...