Canada's net foreign asset position, the difference between Canada's international financial assets and international liabilities, was down by $230.2 billion to $875.1 billion at the end of the second quarter. This was a second significant consecutive quarterly decline. Both international assets and liabilities decreased substantially in the quarter as global equity markets fell sharply. In the first half of 2022, Canada's net foreign asset position fell by $627.6 billion, from the record high reached at the end of 2021.
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