Household Saving Rate in Canada increased to 14.20 percent in the second quarter of 2021 from 13.10 percent in the first quarter of 2021. source: Statistics Canada

Personal Savings in Canada averaged 7.81 percent from 1961 until 2021, 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 October of 2021.

Personal Savings in Canada is expected to be 9.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Household Saving Rate is projected to trend around 4.00 percent in 2022, according to our econometric models.

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Canada Household Saving Rate


Canada Last Unit Reference Previous Highest Lowest
Retail Sales MoM -0.60 percent Jul/21 4.20 23.50 -24.90
Retail Sales YoY 5.30 percent Jul/21 6.70 57.10 -31.80
Retail Sales Ex Autos -1.00 percent Jul/21 6.20 14.20 -20.60
Consumer Spending 1148842.00 CAD Million Jun/21 1148196.00 1193017.00 182407.00
Disposable Personal Income 1463752.00 CAD Million Jun/21 1431844.00 1473096.00 24872.00
Personal Savings 14.20 percent Jun/21 13.10 28.20 0.40
Consumer Credit 793616.00 CAD Million Jul/21 789237.00 802908.00 11066.00
Private Sector Credit 4638279.00 CAD Million Sep/20 4618799.00 4638279.00 74836.00
Households Debt To Income 172.93 percent Jun/21 167.70 174.31 83.56
Households Debt To GDP 109.07 percent of GDP Jun/21 111.59 112.62 53.55


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.