Cardinal Update – Feb 2020

Is Inflation Coming out of Hibernation?  We have been in a relatively benign inflationary environment for many years now where the Bank of Canada has, for the most part, kept inflation contained within its 1-3% target range.

Last year, inflation spent most of the year very close to the midpoint of that range. The first quarter of 2019 was the low point of the year with the headline CPI posting readings in January and February of 1.4% and 1.5%, respectively. It then rebounded and spent the rest of the year around 2%. Currently, inflation is sitting at 2.2% and does not appear to be an issue, but what would happen to our portfolios should things change and inflation starts to rise?

Click here to read more:  Cardinal Update – February 2020