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.


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Canada Household Saving Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 1.70 21.60 0.30 1961 - 2019 percent Quarterly
SA


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.

Canada Consumer Last Previous Highest Lowest Unit
Consumer Confidence 51.50 53.18 57.05 46.80 points [+]
Retail Sales MoM -1.20 0.00 3.70 -4.50 percent [+]
Retail Sales YoY -0.60 1.00 10.50 -6.50 percent [+]
Retail Sales Ex Autos -0.50 -0.10 3.30 -3.20 percent [+]
Consumer Spending 1180781.00 1176249.00 1180781.00 182407.00 CAD Million [+]
Disposable Personal Income 1298848.00 1271464.00 1298848.00 24872.00 CAD Million [+]
Personal Savings 3.20 1.70 21.60 0.30 percent [+]
Consumer Credit 638549.00 639989.00 639989.00 11066.00 CAD Million [+]
Private Sector Credit 4500784.00 4496633.00 4500784.00 74836.00 CAD Million [+]
Bank Lending Rate 3.95 3.95 22.75 2.25 percent [+]
Households Debt To GDP 102.13 101.30 102.13 52.46 percent of GDP [+]
Households Debt To Income 174.01 174.05 174.05 83.56 percent [+]
Gasoline Prices 0.91 0.88 1.32 0.41 USD/Liter [+]