Posts Tagged ‘tax cuts’
A strategic withdrawal CONSUMER
January 31st, 2010
Since that time we sing the virtues of savings, Canadians seem to have collectively decided to take action. Then in 2007 they spared only 2.5% of their disposable income, they save twice today. And it will continue to increase. The savings rate hit 7% of disposable income at the end of 2009, according to forecasts of service Desjardins Economic Studies. (more...)
Tags: Bank of Canada, budget deficits, Canadian economy, consumer, economic recovery, Finance Minister, recession, savings accounts, stock market, tax cuts