6 ways to prepare your finances for a potential recession

over recent months, it’s still important to be prepared in case a recession arises.

Below, I’ll share some practical tips and actionable advice to help you and your family better weather any economic storms that may come.The last official recession in Canada occurred during the COVID-19 pandemic, between February and April 2020,. Since then, the economy has remained strong and has yet to enter a recession.

In either case, it’s always best to prepare for the worst. Even if the country avoids an economic downturn, the following tips will still put you in a better1. Build an emergency savings fund

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6 tips to make sure you're financially prepared for a recessionDespite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
Source: CTVNews - 🏆 1. / 99 Read more »

6 tips to help you financially prepare for a recessionDespite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
Source: CTVNews - 🏆 1. / 99 Read more »