Canadian households across all income groups had less disposable income and saved less in the second quarter. Photo by . BRUNSWICK NEWS ARCHIVES

Canada’s weakening economy is impacting the wealth of all income groups, particularly households’ disposable income and their ability to save .

Household disposable income increased by an average of 3.9 per cent in the second quarter compared with 5.9 per cent a year ago and 6.2 per cent in the first quarter of 2024, according to Statistics Canada’s household wealth report . Disposable income for the highest earners grew at a slower-than-usual pace of 3.1 per cent “due mainly to a relatively weak gain in average wages,” the agency said in a release.

“The economic impact of U.S. trade policy has had a larger impact on trade-sensitive s

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