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More Canadians need emergency savings

TORONTO—Canadians on average are socking away more money for potential financial emergencies than in the past, but a new survey has found that almost a quarter are still living paycheque to paycheque.

The survey, conducted by Pollara for the Bank of Montreal (TSX:BMO), found that Canadians on average have $41,694 in emergency savings, up from an average of $35,237 in 2014.