Household Saving Rate in Canada decreased to 5.70 percent in the first quarter of 2025 from 6 percent in the fourth quarter of 2024. This dataset provides - Canada Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The saving rate of Canadian households increased considerably during the start of the COVID-19 pandemic in 2020. As of the second quarter of 2020, the saving rate of households in Canada peaked at **** percent. By the fourth quarter of 2024, Canadian households saved on average *** percent of their disposable income.

Quarterly current and capital accounts for the household sector, including property income, disposable income, net saving and net lending, Canada.

Key information about Canada Gross Savings Rate

• Canada Gross Savings Rate was measured at 25.2% in Sep 2024, compared with 25.2% in the previous quarter.
• Canada Gross Savings Rate is updated quarterly, with data available from Mar 1961 to Sep 2024, and an average rate of 25.2%.
• The data reached an all-time high of 25.2% in Sep 1966 and a record low of 16.3% in Mar 1992.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Statistics Canada provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Canada GDP expanded 2.2% YoY in Mar 2023.
• Canada Nominal GDP reached 520,294.6 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.4% in Mar 2023.
• Canada GDP Per Capita reached 54,090.1 USD in Jun 2022.

The average value of net savings per household in Canada increased by *** dollars (+**** percent) since the previous year. In total, the average value amounted to ***** dollars in 2023. This increase was preceded by a declining average value.

Gross domestic savings (% of GDP) in Canada was reported at 23.04 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The value of net savings per capita in Canada increased by *** dollars (+**** percent) since the previous year. In total, the value per capita amounted to ***** dollars in 2023. This increase was preceded by a declining value per capita.

Gross domestic savings (current US$) in Canada was reported at 505226783050 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross domestic savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross savings (% of GDP) in Canada was reported at 21.92 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Household contributions to registered savings accounts by selected household characteristics.

Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

Canada CA: Deposit Interest Rate data was reported at 0.100 % pa in 2017. This stayed constant from the previous number of 0.100 % pa for 2016. Canada CA: Deposit Interest Rate data is updated yearly, averaging 3.917 % pa from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 15.958 % pa in 1981 and a record low of 0.075 % pa in 2015. Canada CA: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

The total value of households net savings in Canada increased by *** billion dollars (+**** percent) in 2023 in comparison to the previous year. In total, the total value amounted to ***** billion dollars in 2023. This increase was preceded by a declining total value.

Household income, consumption and saving and their subcomponents, distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, provinces and territories, 2020 quarter one to current quarter.

Comprehensive dataset of 1,493 Savings banks in Canada as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit); Characteristics (21 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...); Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

Adjusted savings: net national savings (current US$) in Canada was reported at 130074511723 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2022 and 2023, many consumers around the world and in Canada were looking to save money during the holiday season. To stretch their dollars, some ** percent of Canadian consumers said they would shop for items when they are on sale.

Money Supply: M2++: Gross: Canada Savings Bonds & Other Retail Instruments: sa data was reported at 407.000 CAD mn in Feb 2025. This records a decrease from the previous number of 412.000 CAD mn for Jan 2025. Money Supply: M2++: Gross: Canada Savings Bonds & Other Retail Instruments: sa data is updated monthly, averaging 16,231.000 CAD mn from Jan 1968 (Median) to Feb 2025, with 686 observations. The data reached an all-time high of 53,029.000 CAD mn in Jun 1988 and a record low of 399.000 CAD mn in Oct 2024. Money Supply: M2++: Gross: Canada Savings Bonds & Other Retail Instruments: sa data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.KA001: Money Supply.

As of October 2020, roughly 60 percent of Canadian consumers that use online platforms for saving money, specifically used loyalty programs, such as Aeroplan, PC, Optimum, AirMiles, or Scene. About a third of this group of Canadian shoppers used apps, such as Amazon, Checkout 51, Swagbucks, among others. A total of about three quarters of respondents stated they used such online saving platforms.