Moreover, 61 p.c consider inflation is excessive and anticipate it to extend additional.
The survey revealed that 44 p.c of Canadians spend a further $100–$300 month-to-month on fundamental bills, whereas 38 p.c report spending over $300 extra.
Robert Kavcic, senior economist at BMO Capital Markets, famous, “Whereas commerce issues are important, world financial progress is predicted to proceed, and underlying Canadian financial progress might enhance in 2025 barring sustained tariff actions.”
On inflation, Kavcic added that value progress seems to have stabilized across the Financial institution of Canada’s goal, and additional modest rate of interest reductions are anticipated in 2025.
The survey highlighted a major improve in TFSA values, with the typical account stability reaching $44,987 in 2024, an 8 p.c rise from $41,510 in 2023.
