Canada's net foreign asset position—the difference between Canada's international financial assets and international liabilities—increased by $42.8 billion to $1,855.7 billion at the end of the second quarter, following a decline of $115.1 billion in the previous quarter. Overall, the increase in the second quarter came from the significant upward revaluation from market price changes. This more than offset the sizable downward revaluation from fluctuations in exchange rates and the borrowing needs to finance a record current account deficit in the second quarter.
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