After the pandemic hit in 2020, some business owners and households were hard hit financially as a result of lockdown measures. But at the same time, many Canadians saw their bank accounts grow because of their reduced spending.
Those savings ballooned to over $300 billion and became so large that economists expected there would be a big boost to the economy when all that money was eventually spent.
But today, that sizeable stimulus still hasn’t happened. Experts aren’t sure exactly why.
The savings did help the economy, but not nearly as much as envisioned, and the bulk of the money is still sitting in
