Quoted in BNN's Home Economics: Spending season is near, but Canadians need to proceed with caution

Canadians struggling to keep up with savings during pandemic

While some Canadians were able to save more money over the last year, some are finding it harder to stay on top of their finances. That's prompting economists to call the situation "a tale of two pandemics." More than one-third of Canadians said their household expenses have increased and made them unable to save, according to a report by FP Canada. The data also found two in five Canadians faced a job loss, reduced pay, or a cut in working hours over the past year. As Certified Financial Planner Caval Olson-Lepage told The Winnipeg Free Press: "Money matters have and will likely continue to be the most lasting struggle out of this crisis."

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