National net worth rises due to strong energy and house price growth
National net worth, the sum of national wealth and Canada's net foreign asset position, rose 2.6% in the first quarter to $17,590.6 billion, expanding at a relatively slower pace following a string of stronger growth over the previous six quarters and notably slower than the rise of 6.8% in the fourth quarter of 2021. Continued strength in real estate and higher natural resources wealth was hampered in the first quarter of 2022 by a reversal of fortunes in Canada's net foreign asset position, which ended sharply lower after growing for seven consecutive quarters. National net worth per capita reached $455,573 in the first quarter.
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