National net worth continues to fall despite rebound in international investment position
National net worth, the sum of national wealth and Canada's net foreign asset position, dropped 2.4% from the third quarter to $16,769.7 billion at the end of the fourth quarter. This followed a decrease of $602.2 billion (-3.4%) in the third quarter, which was the largest quarterly decline since the fourth quarter of 2008. Compared with the end of 2021, national net worth was down 3.4% by the end of 2022. However, since the end of 2019, national net worth has expanded 34.8%, more than double the pace of growth over the three-year period up to the end of 2019 (+15.4%).
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