Inflation highs, housing lows and Rogers apologies: The business and investing stories you need to know about this week

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Plus, the financial dilemma facing Canadians with long COVID

point on July 13, it was the biggest hike since 1998 and sent shockwaves across the country. But it’s the 1980s that seem most relevant to today’s high inflation and soaring rates – and a reminder of what happens when we don’t quickly get inflation under control. In 1981, the central bank’s trendsetting rate hit 21 per cent, and the prime rate used by major banks peaked at 22.75 per cent .

While Canada doesn’t yet have an official tally of COVID long-haulers, the World Health Organization estimates that up to 20 per cent of people who contract COVID-19 experience symptoms lasting for at least two months. Based on those estimates, Canada’s official 3.9 million COVID-19 case count to date puts the number of long-haulers in the hundreds of thousands.

 

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I wish news orgs would stop telling us what we 'need to know about.' We're not fucking idiots that need spoon feeding.

'stories' on how do u quickly collapse a country/bust the supply chains, while getting peeps 2 go along with it unnoticed, by having divided the POP over experimental gene jab for a 99.8 recovery bug, that's been acknowledged, 2 NOT stop spread or illness..? 🤣🤡🤣

Did you know inflation hurts the most if you make under $300K? Let’s reduce executive salaries so they can begin to feel the pain of inflation too!

Ye where is my money for leaving me without bank money to paid my groceries and had to ask strangers for ride home ,BMO is controls by Rogers ,want had my debt card have to do with cell phones, and I thank God for the nice brought me home

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 /  🏆 5. in CO

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