StatsCan reports that high earners saw incomes decline in 2020, but women fared better than men
Declining income supports, high prices cut into real incomes
Canada was a G7 outlier, as rising wages bolstered household incomes
During economic downturns, the incomes of low earners were particularly hard hit and didn’t recover, research finds
Incomes grew faster than debt in the first quarter
Canada is weakest among the G7 in the fourth quarter, as pandemic supports shrink
Household income rose but net saving dropped for every age group, StatsCan reports
The size of contributions rose in 2020, alongside the number of savers
Median Canadian income rose during the Covid-19 pandemic as a result of programs like CERB and CRB
Credit market debt was 186.2% of household disposable income in Q4 2021, StatsCan reports