Canadian Households: Managing Financial Health In Challenging Times

Oct. 01, 2020 12:24 PM ET, , , , , 1 Comment
TD Wealth
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Summary

  • Canadians have accumulated significant wealth over the last decade.
  • Canadian consumer credit declined in Q2.
  • Canadian savings rate surges to 28% in Q2.

Highly leveraged Canadian households are facing very uncertain and challenging times as a result of the COVID-19 crisis. Anthony Okolie speaks with Ksenia Bushmeneva, Economist, TD Bank, about the impact the pandemic is having on household savings, debt and consumer spending.

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TD Wealth is an integral part of the TD Bank Group, which has approximately 24 million customers worldwide, 85,000 employees and CDN $1 trillion in assets on April 30, 2015. In Canada, TD Wealth services customers through: · TD Direct Investing which provides clients access to the information, tools and support that empower them to invest for themselves with confidence. · TD Wealth Private Client Group, which provides discretionary wealth management for high net worth clients and businesses. · TD Wealth Private Investment Advice provides full service brokerage for investors who want a high level of tailored advice and solutions. · TD Wealth Financial Planning develops and implements a financial plan for individual clients. At TD Wealth, whether you invest yourself or benefit from the knowledge provided by your advisor, you gain access to some of the industry's most highly regarded investment analysts, economists and market strategists.

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