Canadians fall short of goals by average of $45,000

Two thirds of Canadians are unable to reach their financial goals as quickly as they planned, finds a survey by Capital One and Credit Canada Debt Solutions.

Read: Advising new breadwinners

On average, Canadians are $45,000 away from their monetary goals. However, the average in Western Canada is $79,000, almost double the amount faced by Canadians in other regions ($40,000 in Eastern Canada, and $31,000 in Ontario and Quebec).

Also read:

Canadians more grim about their finances

Many Canadians don’t save for unexpected events

Most fear falling short of retirement savings goals

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.