Pros and Cons of Canada's Inflation

Inflation is a term that you may have heard a lot over the years, even more so recently. That being said, do you know what it means? Well, inflation is when there is a general increase in the price of goods and services. And since in some way or another all goods and services are connected then if one thing goes up then everything does. While inflation can happen naturally, the Bank of Canada and the federal government are able to influence it as well. One of the ways they can do this is by raising interest rates, but this isn’t something that they take lightly.