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 […]
