Title:The current state of Canadian family finances : 2011-2012 report.
Corporate Author: Vanier Institute of the Family
Subject:Family - finances
Publisher:Vanier Institute of the Family
Place of Publication:Ottawa
Date of Publication:2012
Forecasts for key economies around the world and for Canada are cautiously optimistic and
suggest continued but hesitant growth.
Many of the world’s economies and households are climbing down from high debt loads. The
corporate sector is doing fairly well but has been slow to invest as uncertainties about the future
continue. Much of Europe is struggling. China’s growth momentum may be slowing. Revolutions,
protest movements, political unrest and posturing are making it more difficult to enact solutions.
Canada could be dragged down, or pulled up, depending on how other economies perform and on
Canadian domestic fiscal and monetary policies. Over the long term, Canada also faces the
impacts of an aging population and growing economic inequality.
In Canadian households, both families and unattached individuals need to make tough choices
regarding incomes, expenses, savings and debt. For many Canadians, the primary goal in 2012 will be to reduce expenses and debt to meet their short-term and the long-term financial goals.
Physical Description:40 p.