Dashboard Canadians' financial well‑being

Footnotes

1. Statistical testing confirmed that this difference was significant, with a p‑value adjusted for multiple comparisons below 0.05 (i.e., the difference in percentages is unlikely to be due to chance or random factors).
2. Statistical testing did not confirm that this difference was significant, with a p‑value adjusted for multiple comparisons below 0.05 (i.e., the difference in percentages could be due to chance or random factors).
3. “Canadians" refers to residents of Canada, regardless of their citizenship status.
4. When viewing quarterly data, the month shown on the X-axis represents the starting month of the quarter: Jan corresponds to Q1 (January‑March), Apr to Q2 (April‑June), Jul to Q3 (July‑September), and Oct to Q4 (October‑December).
5. From 2020 to 2023, the survey asked if the respondent's debt had increased since the pandemic began. In 2024, the question was revised to ask if the debt had increased over the past 12 months. This change is illustrated with a vertical dotted line in the graph.
6. Results were suppressed if the sample size included fewer than 20 survey participants.
7. From August 2020 to July 2022, participants reported whether they used savings “due to the pandemic.” From August 2022 onwards, as economic conditions changed, participants reported whether they used savings “due to the recent increase in the price of goods.”
8. Statistical tests were conducted for select visualizations, and accompanying narratives are provided only when statistical tests were conducted. If you would like to investigate the data further, you can request the full data set by filling out a Data Request Form.
9. Data for Yukon, Northwest Territories, and Nunavut are not included due to small sample sizes.