Reduced spending and collecting money from government support programs has resulted in Canadians saving a record amount. But Canadians have also seen their wealth increase by investing more and because of a big rise in house prices.
Statistics Canada said since the start of 2020, household sector net worth — the value of all assets less liabilities — meant Canadians had added over $2 trillion in wealth “despite turbulent markets at the outset of the pandemic.”Article content “Consumer confidence has returned to pre-pandemic levels, and a high share of the eligible population is vaccinated,” said the BoC’s Monetary Policy Report Wednesday. “As the economy reopens, consumption is expected to lead the rebound with an increase in spending on services such as transportation, recreation, and food and accommodation.
Keep waiting. No money after carbon tax which is causing higher food prices and on and on…..
Let them keep waiting, all my extra money , wait a minute !!!!! hold on there, what extra money? It all went to the tax man, ie; middle class with no rich tax loop holes for me, sorry bank of 🇨🇦
For some reason they think 2k a month was enough to get by and save away for a spending spree.. What fucking planet do they live on
Hint: The boost aint coming.
Consumer spending spree? Don't hold your breath. Canadians are scrambling to put food on the table. costofliving is out of control. Liberals are so out of touch with Canadians.
really? and what will they spend it on?
Sure!!! Please send me a spendable cheque! Canada
Open the border!
Oh good. Been mostly keeping things moving solo up to now…