Cardinal Update – August 2021

The Power of Dividends – Inflation worries are pervasive in the news today and we share some of these concerns. We can all see higher prices in food costs, used cars, appliances, and, of course, the value of homes.

Recent readings of inflation in Canada have shown over 3% year over year increases and measures in the US have shown over 5% year over year increases. Covid-19 has caused many of these pressures given disruptions to supply chains and dramatic changes to consumption patterns. While some inflation will subside in the coming months as supply chains improve, there will also be continued pressures from major items such as the price of services (wage inflation) and the high price of shelter. Inflation is notoriously hard to predict, but if it continues to come in hotter than expected, what is the best way to protect and build wealth?

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