Canada's net foreign asset position, the difference between its international financial assets and international liabilities, reached $2,062.4 billion at the end of the second quarter, an increase of $88.6 billion from the first quarter. The upward revaluation due to market price changes and, to a lesser extent, fluctuations in exchange rates contributed to the increase. Canada's net foreign asset position has constantly grown since the fourth quarter of 2022, largely on the strength of the US stock market.
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