In this episode of Business Matters, presented by Valley First, a division of First West Credit Union, host Rob Cupello is joined by Jason Peters from Valley First.
Our guest is passionate about helping people understand the recent changes in interest rates across Canada.
Peters is the Director of Wealth Management at all 14 Valley First locations and has a passion for supporting their members in their financial lives.
“There’s been a lot of support and help economically for us during these really challenging years in terms of low-interest rates and programs to help those that were really challenged,” says Peters.
“As we come out of that, there’s been a lot of stimuli that’s been applied. That, I think, has a little bit of a day of reckoning,” explains Peters, referring to the quickly rising interest rates and inflation we’re experiencing recently.
Listen to the full episode below to hear an in-depth explanation of interest rates, the rapidly increasing cost of living, inflation and supply chain issues in the current global climate.