Question: Explain why higher share prices and house prices are equivalent to saving. Gains in stock markets and increased house prices boosted Canadians wealth in the

Explain why higher share prices and house prices are equivalent to saving.

Gains in stock markets and increased house prices boosted Canadians’ wealth in the first quarter of 2014. On a per capita basis, household wealth rose to $222,600. Statistics Canada also reported that consumption expenditure increased by $4 billion in the first quarter of 2014.

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