Household Saving Rate in Canada increased to 7.10 percent in the third quarter of 2024 from 6.20 percent in the second quarter of 2024. Personal Savings in Canada averaged 7.59 percent from 1961 until 2024, reaching an all time high of 26.50 percent in the second quarter of 2020 and a record low of -0.10 percent in the third quarter of 2018. source: Statistics Canada




Related Last Previous Unit Reference
Consumer Credit 779067.00 776638.00 CAD Million Nov 2024
Consumer Spending 1371495.00 1359823.00 CAD Million Sep 2024
Disposable Personal Income 1729048.00 1690764.00 CAD Million Sep 2024
Households Debt to GDP 101.89 101.56 percent of GDP Jun 2024
Households Debt to Income 174.40 175.40 percent Sep 2024
Personal Savings 7.10 6.20 percent Sep 2024
Retail Sales Ex Autos MoM -0.70 0.10 percent Nov 2024
Retail Sales MoM 1.60 0.00 percent Dec 2024
Retail Sales YoY 1.60 1.50 percent Nov 2024

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
7.10 6.20 26.50 -0.10 1961 - 2024 percent Quarterly
SA