In recent years, the proportion of savings and demand deposits have decreased and the proportion of pension funds have increased in the financial assets held by Canadian households.

Question

Quizplus · Accepted Answer

This statement is true. According to data from Statistics Canada, the proportion of savings and demand deposits held by Canadian households declined from 33.3% in 2000 to 19.8% in 2019, while the proportion of pension funds increased from 8.5% to 28.5% over the same period.

In Recent Years, the Proportion of Savings and Demand Deposits