Tag: Canadian Savings

CIBC: Canadians Have $90 Billion In Excess Cash, As Government Doubles Income Lost

November 18, 2020November 18, 2020

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 […]

Canada

Canadian Rate Cuts May Not Do Much, Since Household Savings Fell To A 59+ Year Low

August 22, 2019

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 […]