US EditionICBA ECONOMICS: INCOME AND SPENDING – A VIEW FROM THE HOUSEHOLD LEVEL
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ICBA ECONOMICS: INCOME AND SPENDING – A VIEW FROM THE HOUSEHOLD LEVEL
JOCK FINLAYSON Chief Economist Jock Finlayson BRITISH COLUMBIA – Spending by households on goods, services and housing represents more than three-fifths of all economic activity in Canada. Households finance their consumption through employment earnings, cash transfers received from governments (e.g., EI benefits, OAS payments), and other sources of income (e.g., interest, dividends, capital gains, pensions, and rental income). For a typical hou…
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