Savings rate drops as consumption growth outpaces income gains
The household debt service ratio fell, however, to 13.32% in the third quarter
The rate is reviewed twice per year and is tied to the reserves of Canada's largest banks
The Labor Department also reported Friday that prices rose 0.8% from October to November
The jobless rate is still above the pre-pandemic level, however, despite recent gains
With debt levels stabilizing, a strong recovery could drive improved credit conditions
Business owners' investment plans and sales expectations exceed pre-pandemic levels, the research says
Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
People are generally more confident about their finances, despite economic anxiety, according to IG Wealth's latest index
Businesses expect profits to hold up, even as prices rise and amid labour shortages