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Have you been trying to buy some lumber lately? Yeah, ouch. That’s inflation. As the world slowly exits the COVID-19 pandemic, people and businesses are finally spending again. Ultra-low interest rates, historically highs savings rates, and massive monetary stimulus just mean there is a lot of extra money floating around. Yet, global supply chains, which were largely halted during the pandemic, are now struggling to catch up.
Some equities are a great hedge against inflation
Whether this is just temporary or perhaps a longer-term trend, certain equities are not a bad place to put your money. Certainly, they are better than GICs or long-term bonds. If you want to battle the effects of inflation on your stock portfolio, here are three Canadian stocks you might want to think about.