Canadians under 35 years of age have yet to recover from higher inflation seen during the COVID-19 pandemic, while older Canadians have fared better, according to a new Bank of Canada report.
“A large number of Canadians continue to view their budgets as stretched even though inflation has slowed since the pandemic,” researchers wrote in a Sept. 24 report, adding that these concerns are “valid and reflect an important reality.”
The Bank of Canada report, which was first covered by Blacklock’s Reporter, said “younger” households, meaning those under age 35, saw additional spending exceed additional income in 2025, relative to pre-pandemic trends. Their incomes were an average of $5,369 above their pre-pandemic trend, while their spending was $9,618 higher, resulting in a $4,249 shortfall….