Wealth effect is anything but
Filed Under Main Content · Tagged: Assets, Bank Of Canada, Consecutive Quarter, Economist, First Quarter, Household, Net Worth, Ottawa Citizen, Recession, Royal Bank Of Canada, Statistics Canada, Stock Portfolios, Trillion, Wealth Effect
Ottawa Citizen- There is something about our stock portfolios and homes being worth more that makes us want to spend.
“It’s called the wealth effect. If you feel you have more, you are more willing to spend more,” says David Onyett-Jeffries, an economist with Royal Bank of Canada.
“When people see their house value increase, they are more willing to spend because there is less requirement to save. They view these assets as being marketable and gaining value.”
Statistics Canada said this week that household net worth increased by 1.3% in the first quarter to $6-trillion — a fourth consecutive quarter of improving wealth. Household net worth has recovered 96% of what was lost during the recession…
Annual HST hit for average B.C. household is $521
Filed Under Main Content · Tagged: Amount Of Money, Bottom Line, Economics Professor, Harmonized Sales Tax, Household, Households, Hst, Married Couple, People, Sales Tax, Schuetze, Single Parents, Statistics Canada, Times Colonist, University Of Victoria
Times Colonist- The average B.C. household could take a hit of $521 to its bottom line next year as a result of the harmonized sales tax, according to a model prepared for the Times Colonist by Statistics Canada.
The change could range anywhere from $78 for households with single parents and one child to $801 for a married couple with no children, the figures show.
"There are certainly individuals and households that will feel the impact of this tax," said Herbert Schuetze, economics professor at the University of Victoria. "For example, if you are unattached and 65 years or older we’re talking about $262 a year. That’s a considerable amount of money for some people…"
Annual HST hit for average B.C. household is $521
Our standard of living has been rising for decades
Filed Under Main Content · Tagged: Decades, Expenditures, Household, Ottawa Citizen, Standard Of Living, Statistics Canada
Ottawa Citizen – Ontario – Expenditures by the average household have grown from $6000 per year to more than $69000, according to Statistics Canada. Even when measured in 2004 …
Our standard of living has been rising for decades
Any near term market gains unlikely to stick
Filed Under Main Content · Tagged: Calgary Herald, Canada Mortgage, Financial Debt, Household, Market Gains, Mortgage Borrowing
Calgary Herald – AB, Canada – Mortgage borrowing fell in the that quarter by US$259-billion and total household non-financial debt contracted by 0.8%, for the first such fall on record ..
