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For many Canadians, the magnitude of the 2008 financial crisis served to mark a sharp contrast in their financial well-being “before” and “after” the economic meltdown. Our economic research provides insights on households’ use of financing in the midst of the most recent recession.
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Where Has the Money Gone: The State of Canadian Household Debt in a Stumbling Economy will help you understand households’ spending, saving, borrowing, and investing behaviours during the recent global financial crisis and recession.
Our economic research details these trends, reconciling the views of individual households with aggregated economic indicators. Strong household spending as well as a buildup of savings are essential for the growth of the Canadian economy.
Policy makers are encouraged to strengthen policy measures aimed at boosting households’ ability to acquire and act on their financial knowledge, and increase personal savings. Working towards enhancing labour market opportunities may likewise improve sustainability of households’ spending.
November 1, 2017
Get critical insights into the latest IFRS updates, network with business leaders and fellow IASB members, and learn more about the future of financial reporting around the globe.
The CPA brand strategy was created to raise awareness of the new designation and promote the professional attributes of a Chartered Professional Accountant (CPA).
Join our financial literacy volunteer program for CPA members.