Posted AT 11:25 AM EDT on 09/07/08
Home energy bills may be highest ever: BMO
Total spending on energy by Canadian households likely hit an all-time high as a percentage of disposable income in the second quarter of this year – and those home-heating and electricity bills will head even higher this winter, says Bank of Montreal economist Douglas Porter.
Mr. Porter calculated that roughly 7 per cent of disposable household income went toward gasoline, natural gas, fuel oil and electricity in April, May and June.
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