Income gap is at ‘record high’ amid weakening economy, StatCan says

Global NewsThursday, October 9, 2025 at 5:48:04 PM
Income gap is at ‘record high’ amid weakening economy, StatCan says
Statistics Canada has reported that the income gap in Canada has reached a record high, with the top 20 percent of earners holding the majority of the country's household net worth. This is concerning as it highlights the growing disparity in wealth distribution, which can lead to social and economic instability. Understanding these trends is crucial for policymakers and citizens alike, as they navigate the challenges of a weakening economy.
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