Canada's net foreign asset position, the difference between its international financial assets and international liabilities, continued its upward trend in the fourth quarter and reached $1,677.3 billion at the end of 2023, a significant increase of $288.2 billion from the third quarter to the fourth quarter. Canada's net foreign asset position increased in each quarter of 2023. The growth in the fourth quarter was fuelled by the strength of global equity markets, to which Canada's international assets are highly exposed.
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