Household Saving Rate in Canada decreased to 12.70 percent in the fourth quarter of 2020 from 14.60 percent in the third quarter of 2020. source: Statistics Canada
Personal Savings in Canada averaged 7.76 percent from 1961 until 2020, 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 April of 2021.
Personal Savings in Canada is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Canada to stand at 7.10 in 12 months time. In the long-term, the Canada Household Saving Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.