Wealth gap narrows in 2021: StatsCan
Younger, less affluent households see larger wealth gains
- By: James Langton
- October 26, 2021 October 26, 2021
- 13:30
Younger, less affluent households see larger wealth gains
New associate minister of finance named
Larger gifts are contributing to higher prices and wealth inequality, CIBC says
The country's parliament passed a new law that adopts TCFD-based requirements, Moody's says
Sales eased across major mutual fund categories, and equity ETF sales plunged
Federal Reserve Chair Jerome Powell expects that inflation will remain elevated well into next year
Choppy data may prompt caution from the Bank of Canada
Additional taxes may not deter out-of-province investors
The figure is the second-highest on record but an improvement over 2020
Data estimates suggest, however, that sales may have fallen back in September
Areas such as digital payments, and cryptocurrency and blockchain are increasingly making a mark
Retail investors can now trade Bitcoin exposure more cheaply, Moody's says
The overall outlook for near-term economic activity remained positive
The pace of rising prices hit its highest level since February 2003
Investment pros came up short when students ranked various careers on social and environmental contribution
Many small and medium-sized enterprises have an optimistic outlook, polls suggest, while others worry about expiring aid
Investors will also need to watch how wage pressure cuts into profits
High debt levels and rising rates may keep consumers on the sidelines
Supply chain, labour market constraints hurt homebuilding
26% of Canadians incurred at least one new kind of debt during the pandemic