3 Inflation-Proof Stocks for June 2021
Inflation is beginning to heat up in a big way. According to StatCan, inflation ticked up to 3.4% in April, up from 2.2% in March. That wasn’t as bad as the U.S.’s most recent inflation number — 5% — but it’s still pretty high. If every product you bought went up 3.4% in price every year, and your income didn’t rise, you’d be a lot poorer in a few years. Inflation also has implications for your investments. When inflation goes up, central banks try to fight it by raising interest rates, and that hurts businesses — like the ones your stock portfolio is built on. In light of t...