Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan
Videos
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Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan
02:07 | January 22, 2024
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Fraser Institute study shows Sweden outperforms Canadian health care
01:53 | 2 hours ago
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What Canadians think of closer ties with the European Union
03:04 | 2 hours ago
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‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot
02:14 | 4 hours ago
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911 service restored after Bell network issue disrupts emergency lines across 5 provinces
00:38 | 8 hours ago
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Carney jokes he’s not proposing ‘3rd bloc’ with ‘better manners’ after welcoming new EU partnership
01:37 | 9 hours ago
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Poilievre tries to rally Conservative MPs ahead of Parliament’s return
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Montreal hosts ‘All In’ AI conference
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Will Carney accept EU chief’s ‘associate member’ offer to Canada?
02:24 | September 16, 2026
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Cost of Alberta separation could reach $170 billion
01:56 | September 16, 2026
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Ford repeats claim that speed cameras are a ‘cash grab’
00:43 | September 16, 2026
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‘It explains, it is not rogue’: Canada to invest $150M in AI company in partnership with Germany
08:07 | September 16, 2026
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Joly says federal government’s plan is for Canadian pension plans to invest in airports
01:17 | September 16, 2026
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‘An alliance for the future’: Von der Leyen invites Canada to become 1st-ever ‘associate Member’ of the EU
01:50 | September 16, 2026
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EU chief invites Canada to be ‘associate member’
02:08 | September 16, 2026
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Alberta NDP upsets UCP stronghold in byelection
02:01 | September 15, 2026
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Carney heads to Europe aiming to build ‘unique alliance’ with EU
02:12 | September 15, 2026
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Carney to open Canada’s 4 largest airports to private investment
02:31 | September 15, 2026
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NDP byelection win in historically conservative Calgary riding reflects referendum sentiments: Analysts
01:55 | September 15, 2026
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Stephen Harper believes Canada had ‘no choice’ but to walk away from US trade talks
01:10 | September 15, 2026
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Security breach exposes millions of driver’s licences in Canada, U.S.
02:04 | September 15, 2026
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‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports
01:04 | September 15, 2026
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Carney makes several economic announcements during keynote address at Toronto investment summit
08:34 | September 15, 2026
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What Carney’s push to strengthen Canada-EU ties could look like
02:01 | September 14, 2026
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Record-high diesel prices spark fears of higher grocery costs
01:47 | September 14, 2026
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Canada’s inflation rate steady at 3% in August as travel costs soar
02:01 | September 14, 2026
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Carney pitches projects at inaugural Canada Investment Summit
02:06 | September 14, 2026
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‘Unique alliance’ to be discussed with EU, Carney says
02:09 | September 14, 2026
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Business Matters: Canada’s inflation holds at 3% in August
02:28 | September 14, 2026
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George Chuvalo, Canadian heavyweight boxing legend, dies at 89
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Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan
02:07 | January 22, 2024
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Fraser Institute study shows Sweden outperforms Canadian health care
01:53 | 2 hours ago
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What Canadians think of closer ties with the European Union
03:04 | 2 hours ago
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‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot
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911 service restored after Bell network issue disrupts emergency lines across 5 provinces
00:38 | 8 hours ago
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Carney jokes he’s not proposing ‘3rd bloc’ with ‘better manners’ after welcoming new EU partnership
01:37 | 9 hours ago
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Poilievre tries to rally Conservative MPs ahead of Parliament’s return
01:51 | September 16, 2026
-
Montreal hosts ‘All In’ AI conference
01:56 | September 16, 2026
-
Will Carney accept EU chief’s ‘associate member’ offer to Canada?
02:24 | September 16, 2026
-
Cost of Alberta separation could reach $170 billion
01:56 | September 16, 2026
-
Ford repeats claim that speed cameras are a ‘cash grab’
00:43 | September 16, 2026
-
‘It explains, it is not rogue’: Canada to invest $150M in AI company in partnership with Germany
08:07 | September 16, 2026
-
Joly says federal government’s plan is for Canadian pension plans to invest in airports
01:17 | September 16, 2026
-
‘An alliance for the future’: Von der Leyen invites Canada to become 1st-ever ‘associate Member’ of the EU
01:50 | September 16, 2026
-
EU chief invites Canada to be ‘associate member’
02:08 | September 16, 2026
-
Alberta NDP upsets UCP stronghold in byelection
02:01 | September 15, 2026
-
Carney heads to Europe aiming to build ‘unique alliance’ with EU
02:12 | September 15, 2026
-
Carney to open Canada’s 4 largest airports to private investment
02:31 | September 15, 2026
-
NDP byelection win in historically conservative Calgary riding reflects referendum sentiments: Analysts
01:55 | September 15, 2026
-
Stephen Harper believes Canada had ‘no choice’ but to walk away from US trade talks
01:10 | September 15, 2026
-
Security breach exposes millions of driver’s licences in Canada, U.S.
02:04 | September 15, 2026
-
‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports
01:04 | September 15, 2026
-
Carney makes several economic announcements during keynote address at Toronto investment summit
08:34 | September 15, 2026
-
What Carney’s push to strengthen Canada-EU ties could look like
02:01 | September 14, 2026
-
Record-high diesel prices spark fears of higher grocery costs
01:47 | September 14, 2026
-
Canada’s inflation rate steady at 3% in August as travel costs soar
02:01 | September 14, 2026
-
Carney pitches projects at inaugural Canada Investment Summit
02:06 | September 14, 2026
-
‘Unique alliance’ to be discussed with EU, Carney says
02:09 | September 14, 2026
-
Business Matters: Canada’s inflation holds at 3% in August
02:28 | September 14, 2026
-
‘I find Canada to be the worst country to deal with,’ Trump tells reporters
00:29 | September 14, 2026
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George Chuvalo, Canadian heavyweight boxing legend, dies at 89
02:26 | September 13, 2026
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Vaccine-injured Canadians testify in Ottawa
02:20 | September 13, 2026
Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan
Description
January 22, 2024
Canada's low-income households experienced a harder hit to their disposable cash in the third quarter of 2023 as higher interest rates made it more difficult for this group of Canadians to save, new data shows. As Sean Previl reports, with the Bank of Canada's first interest rate announcement of the year looming, financial experts say it could be a while before a rate cut comes. And as a result, the rich may be seeing benefits while the poorest are finding it difficult to keep up.
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Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan02:07 | January 22, 2024 -
Fraser Institute study shows Sweden outperforms Canadian health care01:53 | 2 hours ago -
What Canadians think of closer ties with the European Union03:04 | 2 hours ago -
‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot02:14 | 4 hours ago -
911 service restored after Bell network issue disrupts emergency lines across 5 provinces00:38 | 8 hours ago -
Carney jokes he’s not proposing ‘3rd bloc’ with ‘better manners’ after welcoming new EU partnership01:37 | 9 hours ago -
Poilievre tries to rally Conservative MPs ahead of Parliament’s return01:51 | September 16, 2026 -
Montreal hosts ‘All In’ AI conference01:56 | September 16, 2026 -
Will Carney accept EU chief’s ‘associate member’ offer to Canada?02:24 | September 16, 2026 -
Cost of Alberta separation could reach $170 billion01:56 | September 16, 2026 -
Ford repeats claim that speed cameras are a ‘cash grab’00:43 | September 16, 2026 -
‘It explains, it is not rogue’: Canada to invest $150M in AI company in partnership with Germany08:07 | September 16, 2026 -
Joly says federal government’s plan is for Canadian pension plans to invest in airports01:17 | September 16, 2026 -
‘An alliance for the future’: Von der Leyen invites Canada to become 1st-ever ‘associate Member’ of the EU01:50 | September 16, 2026 -
EU chief invites Canada to be ‘associate member’02:08 | September 16, 2026 -
Alberta NDP upsets UCP stronghold in byelection02:01 | September 15, 2026 -
Carney heads to Europe aiming to build ‘unique alliance’ with EU02:12 | September 15, 2026 -
Carney to open Canada’s 4 largest airports to private investment02:31 | September 15, 2026 -
NDP byelection win in historically conservative Calgary riding reflects referendum sentiments: Analysts01:55 | September 15, 2026 -
Stephen Harper believes Canada had ‘no choice’ but to walk away from US trade talks01:10 | September 15, 2026 -
Security breach exposes millions of driver’s licences in Canada, U.S.02:04 | September 15, 2026 -
‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports01:04 | September 15, 2026 -
Carney makes several economic announcements during keynote address at Toronto investment summit08:34 | September 15, 2026 -
What Carney’s push to strengthen Canada-EU ties could look like02:01 | September 14, 2026 -
Record-high diesel prices spark fears of higher grocery costs01:47 | September 14, 2026 -
Canada’s inflation rate steady at 3% in August as travel costs soar02:01 | September 14, 2026 -
Carney pitches projects at inaugural Canada Investment Summit02:06 | September 14, 2026 -
‘Unique alliance’ to be discussed with EU, Carney says02:09 | September 14, 2026 -
Business Matters: Canada’s inflation holds at 3% in August02:28 | September 14, 2026 -
‘I find Canada to be the worst country to deal with,’ Trump tells reporters00:29 | September 14, 2026 -
George Chuvalo, Canadian heavyweight boxing legend, dies at 8902:26 | September 13, 2026 -
Vaccine-injured Canadians testify in Ottawa02:20 | September 13, 2026
-
Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan02:07 | January 22, 2024
-
Fraser Institute study shows Sweden outperforms Canadian health care01:53 | 2 hours ago
-
What Canadians think of closer ties with the European Union03:04 | 2 hours ago
-
‘I’m a friggin’ millionaire’: Ontario man snags $25M Lotto Max jackpot02:14 | 4 hours ago
-
911 service restored after Bell network issue disrupts emergency lines across 5 provinces00:38 | 8 hours ago
-
Carney jokes he’s not proposing ‘3rd bloc’ with ‘better manners’ after welcoming new EU partnership01:37 | 9 hours ago
-
Poilievre tries to rally Conservative MPs ahead of Parliament’s return01:51 | September 16, 2026
-
Montreal hosts ‘All In’ AI conference01:56 | September 16, 2026
-
Will Carney accept EU chief’s ‘associate member’ offer to Canada?02:24 | September 16, 2026
-
Cost of Alberta separation could reach $170 billion01:56 | September 16, 2026
-
Ford repeats claim that speed cameras are a ‘cash grab’00:43 | September 16, 2026
-
‘It explains, it is not rogue’: Canada to invest $150M in AI company in partnership with Germany08:07 | September 16, 2026
-
Joly says federal government’s plan is for Canadian pension plans to invest in airports01:17 | September 16, 2026
-
‘An alliance for the future’: Von der Leyen invites Canada to become 1st-ever ‘associate Member’ of the EU01:50 | September 16, 2026
-
EU chief invites Canada to be ‘associate member’02:08 | September 16, 2026
-
Alberta NDP upsets UCP stronghold in byelection02:01 | September 15, 2026
-
Carney heads to Europe aiming to build ‘unique alliance’ with EU02:12 | September 15, 2026
-
Carney to open Canada’s 4 largest airports to private investment02:31 | September 15, 2026
-
NDP byelection win in historically conservative Calgary riding reflects referendum sentiments: Analysts01:55 | September 15, 2026
-
Stephen Harper believes Canada had ‘no choice’ but to walk away from US trade talks01:10 | September 15, 2026
-
Security breach exposes millions of driver’s licences in Canada, U.S.02:04 | September 15, 2026
-
‘If it doesn’t save money, why do it?’: Poilievre on Carney seeking private investments at airports01:04 | September 15, 2026
-
Carney makes several economic announcements during keynote address at Toronto investment summit08:34 | September 15, 2026
-
What Carney’s push to strengthen Canada-EU ties could look like02:01 | September 14, 2026
-
Record-high diesel prices spark fears of higher grocery costs01:47 | September 14, 2026
-
Canada’s inflation rate steady at 3% in August as travel costs soar02:01 | September 14, 2026
-
Carney pitches projects at inaugural Canada Investment Summit02:06 | September 14, 2026
-
‘Unique alliance’ to be discussed with EU, Carney says02:09 | September 14, 2026
-
Business Matters: Canada’s inflation holds at 3% in August02:28 | September 14, 2026
-
‘I find Canada to be the worst country to deal with,’ Trump tells reporters00:29 | September 14, 2026
-
George Chuvalo, Canadian heavyweight boxing legend, dies at 8902:26 | September 13, 2026
-
Vaccine-injured Canadians testify in Ottawa02:20 | September 13, 2026
Canada’s higher interest rates hitting low-income households harder than wealthy: StatCan
Description
January 22, 2024
Canada's low-income households experienced a harder hit to their disposable cash in the third quarter of 2023 as higher interest rates made it more difficult for this group of Canadians to save, new data shows. As Sean Previl reports, with the Bank of Canada's first interest rate announcement of the year looming, financial experts say it could be a while before a rate cut comes. And as a result, the rich may be seeing benefits while the poorest are finding it difficult to keep up.
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