Household Saving Rate in Canada increased to 28.20 percent in the second quarter of 2020 from 7.60 percent in the first quarter of 2020. source: Statistics Canada

Personal Savings in Canada averaged 7.71 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 November of 2020.

Personal Savings in Canada is expected to be 20.00 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 8.50 in 12 months time. In the long-term, the Canada Household Saving Rate is projected to trend around 7.10 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Canada Household Saving Rate

Actual Previous Highest Lowest Dates Unit Frequency
28.20 7.60 28.20 0.40 1961 - 2020 percent Quarterly
SA

Canada Consumer Last Previous Highest Lowest Unit
Consumer Confidence 44.50 42.08 57.05 35.60 points [+]
Retail Sales MoM 1.10 0.50 22.20 -24.80 percent [+]
Retail Sales YoY 4.60 3.70 10.50 -31.00 percent [+]
Retail Sales Ex Autos 1.00 0.50 15.20 -20.70 percent [+]
Consumer Spending 998375.00 1148851.00 1187398.00 182407.00 CAD Million [+]
Disposable Personal Income 1474308.00 1319436.00 1474308.00 24872.00 CAD Million [+]
Personal Savings 28.20 7.60 28.20 0.40 percent [+]
Consumer Credit 626249.00 622751.00 642986.00 11066.00 CAD Million [+]
Private Sector Credit 4638279.00 4618784.00 4638279.00 74836.00 CAD Million [+]
Bank Lending Rate 2.45 2.45 22.75 2.25 percent [+]
Gasoline Prices 0.78 0.79 1.32 0.41 USD/Liter [+]
Households Debt To GDP 106.16 101.93 106.16 52.46 percent of GDP [+]
Households Debt To Income 166.78 171.74 174.31 83.56 percent [+]


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.