OTTAWA — Canada’s ongoing cost-of-living crisis is driving household inequality to historic levels, according to <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;a new economic snapshot&quot;, &quot;target_url&quot;: &quot;https://www150.statcan.gc.ca/n1/daily-quotidien/241010/dq241010a-eng.htm&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" data-evt="click" data-evt-typ="click" href="https://www150.statcan.gc.ca/n1/daily-quotidien/241010/dq241010a-eng.htm">a new economic snapshot</a> from Statistics Canada.

The snapshot, released on Thursday, revealed that income inequality between the top and bottom 40 per cent of households reached 47.0 percentage points in the second quarter of 2024, the largest gap ever recorded since Statistics Canada started collecting this data in 1999.

Canada's ongoing cost-of-living crisis is driving household inequality to historic levels, according to a new report from Statistics Canada.{ai:summary}<p>Canada's cost-of-living crisis is exacerbating household inequality, with a new report indicating a record gap of 47 percentage points between the top and bottom 40 percent of households in Q2 2024. This marks the highest level of inequality since 1999. </p><p>#economy</p>

Household inequality widens to historic levels as borrowing costs soar: Statistics Canada

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