Household Saving Rate in Canada increased to 3.20 percent in the third quarter of 2019 from 1.70 percent in the second quarter of 2019. Personal Savings in Canada averaged 7.59 percent from 1961 until 2019, reaching an all time high of 21.60 percent in the first quarter of 1982 and a record low of 0.30 percent in the first quarter of 2005. source: Statistics Canada
Personal Savings in Canada is expected to be 2.12 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 2.10 in 12 months time. In the long-term, the Canada Household Saving Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.