Expected changes in spending habits during the recovery period

Around mid-June, physical distancing measures began easing across the country, giving Canadians more opportunities to spend money. However, COVID-19 is still with us, shopping habits have changed and there are 1.8 million fewer employed Canadians now than there were prior to the pandemic.

How our economy evolves going forward will largely depend upon the spending choices Canadians make over the coming weeks and months. This study presents results from a recent web panel survey conducted in June, looks at how spending habits may change.



Debt and assets among senior Canadian families

Using data from the Survey of Financial Security (SFS), this article looks at changes in debt, assets and net worth among senior Canadian families over the period from 1999 to 2016. It also examines changes in the debt-to income ratio and the debt to-asset ratio of senior families with debt.

This study finds that the proportion of senior families with debt increased from 27% to 42% between 1999 and 2016. 



Changes in wealth across the income distribution, 1999 to 2012