While most Canadians (72 per cent) plan to hold off on making any immediate financial moves with their money in housing, shares or savings in the next three months, of those planning to, depositing into a savings account is the most popular choice at 12 per cent.
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A recent survey found that about 3.5 million Canadian adults are planning to put money into savings accounts, meaning an estimated 26.8 million Canadians have no plans to save at all.Those aged 45 to 54 (15 per cent) are the most likely of any age demographic to save.Not only are few Canadians planning to save, but seven per cent say they plan to draw on their savings. Those aged 65-plus were most likely to draw on savings (12 per cent).A small portion of Canadians are looking at the recession as a time of opportunity to invest when prices for many stock prices are low, with eight per cent looking to buy shares. Another four per cent are planning to buy real estate. Five per cent plan to sell shares, with another three per cent looking to sell real estate.
