Canada Household Saving Rate - Forecast

Personal Savings in Canada is expected to be 3.52 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 3.55 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.


Forecast Data Chart
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Canada Consumer Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 55.77 54.84 51.9 54.78 54.78 53.8
Retail Sales MoM 0.3 0.38 0.37 0.37 0.37 0.3
Retail Sales YoY 3.7 4.05 4.23 4.34 4.41 4.51
Retail Sales Ex Autos 0.9 0.26 0.33 0.34 0.34 0.3
Consumer Spending 1083677 1093897 1096510 1105759 1111853 1131878
Disposable Personal Income 1248172 1258350 1267401 1276470 1285571 1375230
Personal Savings 3.4 3.52 3.72 3.67 3.55 5
Consumer Credit 615914 620864 594000 633720 639887 614000
Private Sector Credit 4285348 4327700 4392008 4455222 4518068 5136871
Bank Lending Rate 3.7 3.7 3.95 3.95 4.2 4.45
Households Debt To Gdp 100 99.44 99.49 99.21 99.22 98.84
Households Debt To Income 171 173 173 171 171 173
Gasoline Prices 1.04 1.06 1 0.95 0.89 0.71