The income gap in Canada remains at a “record high,” according to newly released data, which highlights the growing divide between the wealthiest groups and those struggling with affordability — especially the youngest households.

In addition, the wealthiest households continue to hold the vast majority of all wealth in Canada, and that trend continues to grow.

This comes as multiple reports show that unemployment is on the rise in Canada , and as households continue to struggle with the cost of living and housing affordability .

The trade war with the United States and President Donald Trump’s tariff policies have also increased the economic challenges facing Canadian businesses and households alike, with higher costs for goods and services one of the main effects.

Accordi

See Full Page