National net worth squeezed by declining markets; falls for second consecutive quarter
National net worth, the sum of national wealth and Canada's net foreign asset position, declined 3.3% at the end of the third quarter to $17,172.4 billion. This represented a drop of over half a trillion dollars and was the largest decline since the fourth quarter of 2008. The value of real estate, natural resources wealth and Canada's international investment position all fell during the third quarter of 2022. National net worth per capita fell 3.8% to $438,815 in the third quarter.
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