Canadians are still saving at an elevated rate, but it’s on the path to normalization — that’s a good thing. Statistics Canada (Stat Can) data shows the household savings rate fell to 6.4% in Q4 2021. The rate was 9% in the previous quarter and 11.4% in the same quarter last year. A shrinking savings […]
Canadians have been on a savings spree like few other points in history, but it might not be what it seems. Statistics Canada (Stat Can) data shows household savings have been soaring. The country expects these savings to be unlocked and create an economic boom in the future. We broke down households by income fifths […]
Canada’s household savings rate soared, as generous benefits met few places to spend. At least, that was the narrative. Statistics Canada (Stat Can) data shows most households saved very little in 2020. The top two-fifths of incomes are responsible for Canada’s elevated savings rate. The bottom two-fifths of households didn’t save anything at all, but […]
Canadian households are still hanging onto cash, or can’t find a place to spend it at least. Statistics Canada (Stat Can) data shows the household savings rate fell from record levels in Q3 2020. While the rate is off of record highs, it’s still higher than anything Canada’s seen since the early 90s. Household Savings […]
Canadian households are sitting on a record amount of cash, waiting to be spent. CIBC Economics’ latest report shows tens of billions in cash just sitting in accounts in Q2 2020. The increase is due to a combination of government supports, lack of places to spend, and payment deferrals. Canadian Households Saved $90 Billion More […]
Savings? Canadian households don’t want to hear about your exotic German habits. Statistics Canada (Stat Can) numbers show the unadjusted household savings rate had an abysmal Q1 in 2019. The rate of household savings made the weakest Q1 print in over 59 years of data. Combine that with higher debt loads, and even a rate […]
