Tag: Canadian Household Net-Worth

Canada

Canada’s Pile of Household Savings Is Mostly Held By The Rich, and Won’t Be Spent

July 14, 2021

Canadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be used. Further, wealthier households represent more than half of the […]

Canada

Canadian Households See Almost A Year of Net-Worth Gains Wiped Out

August 4, 2020

Canadians felt the economic pinch of the pandemic almost immediately. Statistics Canada (Stat Can) data shows household net-worth made a big drop in Q1 2020. The decline, the largest since before the Great Recession, was big enough to wipe out almost a year of wealth gains. Household Net-Worth Household net-worth is the value of all […]