Household Saving Rate in Canada increased to 8.10 percent in the first quarter of 2022 from 6.40 percent in the fourth quarter of 2021. source: Statistics Canada

Personal Savings in Canada averaged 7.81 percent from 1961 until 2022, 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 July of 2022.

Personal Savings in Canada is expected to be 6.30 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 2023, according to our econometric models.

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Canada Household Saving Rate



Related Last Previous Unit Reference
Retail Sales MoM 0.90 0.20 percent Apr 2022
Retail Sales Ex Autos 1.30 2.60 percent Apr 2022
Retail Sales YoY 9.20 2.80 percent Apr 2022
Consumer Spending 1205133.00 1195185.00 CAD Million Mar 2022
Disposable Personal Income 1480976.00 1425156.00 CAD Million Mar 2022
Personal Savings 8.10 6.40 percent Mar 2022
Consumer Credit 705417.00 704486.00 CAD Million Apr 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt To Income 180.02 179.47 percent Mar 2022
Households Debt To GDP 106.48 107.91 percent of GDP Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
8.10 6.40 28.20 0.40 1961 - 2022 percent Quarterly
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