Household Saving Rate in Canada decreased to 6.20 percent in the second quarter of 2022 from 8.10 percent in the first quarter of 2022. source: Statistics Canada

Personal Savings in Canada averaged 7.81 percent from 1961 until 2022, reaching an all time high of 28.20 percent in the second quarter of 2020 and a record low of 0.40 percent in the second quarter of 1961. This page provides - Canada Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Household Saving Rate - values, historical data and charts - was last updated on November of 2022.

Personal Savings in Canada is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Household Saving Rate is projected to trend around 4.00 percent in 2023, according to our econometric models.

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Canada Household Saving Rate

Related Last Previous Unit Reference
Retail Sales MoM -0.50 0.40 percent Sep 2022
Retail Sales Ex Autos -0.70 0.50 percent Sep 2022
Retail Sales YoY 6.90 6.50 percent Sep 2022
Consumer Spending 1230930.00 1205133.00 CAD Million Jun 2022
Disposable Personal Income 1519492.00 1480976.00 CAD Million Jun 2022
Personal Savings 6.20 8.10 percent Jun 2022
Consumer Credit 726072.00 724281.00 CAD Million Sep 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt to Income 181.65 179.31 percent Jun 2022
Households Debt to GDP 105.64 106.48 percent of GDP Jun 2022

Canada Household Saving Rate
In Canada, personal saving is personal disposable income less personal expenditure on consumer goods and services, less current transfers from persons to corporations and to non-residents as a percent of disposable income.
Actual Previous Highest Lowest Dates Unit Frequency
6.20 8.10 28.20 0.40 1961 - 2022 percent Quarterly