Canada: Households’ Savings Rate and Indebtedness Ratio
The Canadian Household Savings Ratio stood at 8.1% in Q4, 2015 according to a new report by the OECD. Currently the US personal savings rate stands at 5.4%. The savings rate in Canada tend to be traditionally higher than in the U.S. Click to enlarge However Canadian household’s debt is also growing at an alarming rate. …
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