The article discusses various topics related to personal finance, economics, and Canadian news. Here are some key points:
- Canadian inheritances could hit $1 trillion over the next decade: According to a survey, households in Canada may receive trillions of dollars in inheritance over the next 10 years.
- Inheritance planning and intentions: The article highlights that location, age, household income, and having children play significant roles in determining inheritance planning and intentions.
- Interest rates and inflation: The Bank of Canada’s interest rate hiking cycle has pushed inflation out of its target range. Canadian inflation stayed high in August, accelerating to a 4% increase year over year.
- Debt and personal finance: A section provides tips from debt counsellor Sandra Fry on how to avoid debt when getting married.
- Canadian news: The article mentions the Trudeau government’s investigation into India and its impact on Canada’s trade policy, as well as other business and economic news.
Some of the key statistics mentioned in the article include:
- $1 trillion: Estimated value of inheritances that households in Canada may receive over the next decade.
- 4%: Year-over-year increase in inflation in August.
- 30.9%: Increase in mortgage cost index in August.
- 63%: Percentage of people who make more than $100,000 a year and have had inheritance conversations with their parents.
Overall, the article provides insights into various personal finance and economic topics affecting Canadians.
