Scotiabank on Comments Savings Among Households in Canada

MT Newswires05-13

The evidence points to plenty left in the tank for Canada's households no matter which definition of 'excess' saving is invoked, said Scotiabank. The persistent overshoot of savings relative to a ...

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Canadian households are even better off than US ones and an added rationale for that may be precautionary savings into the remaining fixed-rate mortgage resets, although the concentration of excess liquidity in","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BNS":"丰业银行","BK4207":"综合性银行"},"translate_title":"加拿大丰业银行对加拿大家庭储蓄的评论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNS":0.9},"content_text":"The evidence points to plenty left in the tank for Canada's households no matter which definition of 'excess' saving is invoked, said Scotiabank.\n\n The persistent overshoot of savings relative to a pre-pandemic trend has resulted in a persistently rising trend toward over C$400 billion in accumulated savings, according to the bank.\n\n Using the net worth approach, Canadian households have about C$1.5 trillion more 'excess' net worth than would have been predicted for now by a simple trend line fitted to the pre-pandemic trend, noted Scotiabank.\n\n Like the United States, Canadian households also have a high degree of liquidity, pointed out the bank. \n\n There are a lot of other considerations governing the outlook for US and Canadian households but at least Scotiabank concluded that US households are much better off in terms of stockpiled savings than a narrow approach would lead one to believe. Canadian households are even better off than US ones and an added rationale for that may be precautionary savings into the remaining fixed-rate mortgage resets, although the concentration of excess liquidity in homeowners with no mortgage is important. \n\n Canadian households are likely to continue to be able to withstand those effects for reasons, but the savings-in-the-tank approach captured here reinforces Scotiabank's conviction from a macroeconomic perspective.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435370895"}