National net worth rebounds as international investment position strengthens
National net worth, the sum of national wealth and Canada's net foreign asset position, rose 1.7% from the fourth quarter of 2022 to $17,109.3 billion at the end of the first quarter of 2023. This followed declines in the last two quarters of 2022 totalling almost one trillion dollars (-5.5%), the largest two-quarter drop since the first quarter of 2009. However, national net worth was 37.5% higher than it was at the end of 2019. Meanwhile, national net worth per capita rose from $425,098 at the end of 2022 to $430,970 in the first quarter of 2023.
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