Canadian Economy - Gujarat Times

Canadians Save More: What’s Driving the Increase?

Gujarat Times3 months ago3 months ago03 mins

In the first quarter of 2024, Canada’s household savings rate surged to 6.9 percent, a peak not reached since 1996, excluding the pandemic period. This rate represents the proportion of disposable income that Canadians save. During the pandemic’s peak in the second quarter of 2020, savings soared to an unprecedented 26.5 percent due to lockdowns…

International students contributed to Economy

International students contributed $31 billion to the Canadian economy in 2022.

Gujarat Times3 months ago3 months ago04 mins

A recent analysis conducted by Global Affairs Canada (GAC) reveals that international students made a substantial economic impact on Canada in 2022, with their expenditures contributing CDN$30.9 billion (US$23 billion) to the nation’s GDP. This figure underscores the pivotal role of international education as a key economic driver for the country. The study claims that…