“When it comes to energy prices, we don't have much flexibility, we still have to drive, we still have to take the kids to (hockey), we still have to heat the house,”
“So I will not be surprised to see consumption of other items going down, like people taking less vacations, spending less on furniture, or any other items that are non-essential.”
“Canadians of all age groups are not saving enough actively by putting money aside for a rainy day. How much savings is enough is a matter for debate, but most Canadian households would likely benefit from building a little nest egg.”
“The practical implication of this environment is that young Canadians must start saving very early in their lives, compared to previous generations in order to realize the same inflation-adjusted return on their savings. Our findings suggest this is not happening.”
“Relying solely on real estate-based savings may be dangerous because this type of saving can be illiquid and selling a home can be an inconvenient and expensive transaction,”
“Relying solely on real estate-based savings may be dangerous because this type of saving can be illiquid and selling a home can be an inconvenient and expensive transaction.”
“There are two ways of seeing quality decline. One is that you lose high-quality jobs or you gain low quality jobs, and that is exactly what's happening.”
