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Man Counting Canadian Dollars stock photo

StatsCan reports that high earners saw incomes decline in 2020, but women fared better than men

G7 flags

Declining income supports, high prices cut into real incomes

  • By: Staff
  • November 7, 2022 November 7, 2022
  • 13:17
Businessman has no money. Unemployed and bankrupt man looks into his empty wallet. Stress crisis, unemployed businessmen waiting for new job, recession situation and hopelessness (Businessman has no money. Unemployed and bankrupt man looks into his em

Canada was a G7 outlier, as rising wages bolstered household incomes

Man walking up staircase while another man face high step

During economic downturns, the incomes of low earners were particularly hard hit and didn’t recover, research finds

four people straining to pull against a single hand

Incomes grew faster than debt in the first quarter

Businessman falling into a financial safety net. Business concept cartoon illustration.

Canada is weakest among the G7 in the fourth quarter, as pandemic supports shrink

canadian dollar bills stacked background. computer generated 3d photo rendering.

Household income rose but net saving dropped for every age group, StatsCan reports

  • By: Staff
  • April 6, 2022 April 6, 2022
  • 12:29
Small white piggy bank sitting on a layer of Canadian twenties bills with a dollar coin (loonie) dropping inside.

The size of contributions rose in 2020, alongside the number of savers

Canadian money

Median Canadian income rose during the Covid-19 pandemic as a result of programs like CERB and CRB

senior client debt empty wallet

Credit market debt was 186.2% of household disposable income in Q4 2021, StatsCan reports