Households’ monetary property rose by 3.9 p.c, a rise of $400bn, to a file $10.63tn, pushed by a 9.7 p.c rebound in the S&P/TSX Composite Index.
This outperformed the S&P 500 Index, which gained 5.5 p.c. Households with home or international equities, together with via funds, benefited from larger valuations.
Nonetheless, the highest 20 p.c of wealth holders-controlled 71.6 p.c of monetary property within the second quarter, doubtlessly rising wealth disparities.
Conversely, non-financial property declined by 0.8 p.c, or $75.4bn, to $9.69tn, pushed by an $88.1bn lower in residential actual property values. In the meantime, monetary liabilities, together with mortgage and non-mortgage debt, elevated by $36.9bn, representing a 1.2 p.c rise.
The family saving charge climbed to 7.1 p.c, a three-year excessive, as disposable revenue rose 2.3 p.c, outpacing consumption development of 1.2 p.c. Funding in mutual funds surged to $26.9bn, the best since early 2022 and up from $14.7bn within the second quarter.