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Savings rate drops as consumption growth outpaces income gains


The household debt service ratio fell, however, to 13.32% in the third quarter


The rate is reviewed twice per year and is tied to the reserves of Canada's largest banks

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The Labor Department also reported Friday that prices rose 0.8% from October to November

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The jobless rate is still above the pre-pandemic level, however, despite recent gains

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With debt levels stabilizing, a strong recovery could drive improved credit conditions


Business owners' investment plans and sales expectations exceed pre-pandemic levels, the research says

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Powell also elevated inflation-fighting as a more urgent priority than supporting job growth

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People are generally more confident about their finances, despite economic anxiety, according to IG Wealth's latest index

  • By: Staff
  • November 26, 2021 November 26, 2021
  • 15:03
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Businesses expect profits to hold up, even as prices rise and amid labour shortages