Inflation is draining consumers' savings, National Bank CEO says - BNN


4/22/2022 12:00:00 AM3 yearsago
by Bloomberg News

Interest-rate increases and surging inflation may totally wipe out the extra savings that consumers built up during the pandemic by 2023, National Bank's CEO said, a full year earlier than he previously expected.

Interest-rate increases and surging inflation may totally wipe out the extra savings that consumers built up during the pandemic by 2023, National Bank of Canada Chief Executive Officer Laurent Ferre… [+1826 chars]

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