Canada's net foreign asset position, the difference between its international financial assets and international liabilities, increased by $309.5 billion from the end of the fourth quarter of 2023 to reach $1,990.2 billion at the end of the first quarter of 2024. The growth mainly reflected the stronger performance of foreign stock markets relative to the Canadian stock market, which increased the value of Canada's international assets in equity instruments by more than its international liabilities.
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