Remarkable Rebound for Canadian Investors

Data suggests we showed discipline from coast-to-coast during the pandemic and that we may come out stronger – if we’re not in the eye of the storm

Yan Barcelo 29 October, 2020 | 4:28AM

Building with Canadian flag on top

Surprisingly, the net worth of Canadians held steadfast throughout the pandemic. Households could finish 2020 better off unless a second COVID wave hits or the end of government support programs hits too hard.

“Following a large decline in Q1, Canadian household net worth rebounded in the second quarter. It increased by 5% and rose above its pre-pandemic level,” notes Ksenia Bushmeneva, an economist at TD Economics that closely follows the financial situation of households.

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About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.

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