[Dean2]

Originally Posted by bdub

You are exactly correct if we were in a hyper inflationary situation. You would borrow and buy cash flow producing assets and pay back the debt with cheaper currency in the future.

But we are miles and miles away from anything like hyper inflation. Not to say it couldn’t happen here. Anythings possible.

If you are borrowing to invest do not do it in your tfsa or rrsp. Use your unsheltered investing account where the interest is deductible, any capital losses can be used to offset your gains, and do not get out over your ski’s. I wouldn’t recommend it unless you have no other debt, no mortgage, auto, credit card etc. But for some folks in the right situation (like 2008 or 2020) it can be a good strategy to add some leverage.

You make some great points and your answer is far more complete than mine. Good job!