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Costco Selling $200M of Gold Each Month
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Customers still flocking to Costco to buy gold bars, report says
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Why Are Gold Bar Sales Surging at Costco?
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TORONTO , March 11, 2021 /CNW/ - It has been one year since the pandemic started in Canada . This past year has tested Canadians physical, mental and financial health in many ways and data is starting to surface interesting impacts across demographics. Two groups focusing more on planning and saving for the future because of the pandemic? Canadian Gen Z (aged 18-23) and Millennials (aged 24-39). A recent survey by Sun Life found that 80 per cent of Millennials want to protect their financial future now more than ever due to COVID-19. This number increases to 89 per cent for Gen Z. Despite seeing an increase in wanting to start their wealth and protection journeys, a remarkable 74 per cent of Gen Z and 60 per cent of Millennial respondents reported that the pandemic has made saving for the future difficult due to a loss of income or employment.