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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

young couple meeting with advisor

Retirement topics to discuss include taxes, insurance, income, IG poll suggests

  • By: Staff
  • February 10, 2022 February 10, 2022
  • 14:47
chess pieces at starting line with headstart for one piece

Income is up 7.9% from before the pandemic struck in the first quarter of 2020

  • By: Staff
  • February 7, 2022 February 7, 2022
  • 14:35
man and woman running up easy and difficult staircases

However, the bottom 40% of households still control less than 3% of net worth in Canada

child and parent hands holding money jar, donation, saving, charity, family finance plan concept, Coronavirus economic stimulus rescue package, superannuation concept

Savings rate drops as consumption growth outpaces income gains

senior couple

A sample case illustrates the impacts for the surviving spouse