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Message from the CEO on inflation and interest rate

8/17/2022

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Canada's inflation rate was 7.6% in July. That's down slightly from the month earlier but still creates many challenges for businesses. Common questions include how much cost can be passed on to customers, and should wages be increased accordingly?
 
To try and answer some of these, and to shed some light on the role interest rates play in managing inflation, I hosted a special panel of financial experts:
  • Chris Yuan, Associate Wealth & Investment Advisor (RBC)
  • Jared Heimsoth, Director, Capital Markets (CIBC)
  • Kevin Greenard, Senior Wealth Advisor and Portfolio Manager (Scotiabank)
  • Manny Del Dago, Senior Wealth Advisor (Island Savings)
  • Susan Mowbray, Partner, Consulting (MNP)

The discussion was informative and enlightening. I encourage every Chamber member who wants to better understand what's happening with the economy to watch the recording of our conversation. I know it helped me, especially as there are reasons for optimism that aren't always reflected in the media. We're lucky to have Chamber Champions who continue to help us get through every challenge that arises.
 
Thank you,
 
Bruce Williams
CEO, The Chamber
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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews-articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us