Saturday, April 25th4.2°C
25349
25546

Net foreign debt down $98.1 billion in fourth quarter: StatsCan

OTTAWA - Statistics Canada says the country's net foreign debt was reduced by $98.1 billion in the fourth quarter.

The agency says this put Canada into a net asset position of $26.7 billion.

It says the decline in net debt was attributable to relatively stronger foreign equity markets and a weaker Canadian dollar, which raised the value of Canada's international assets more than it increased the value of international liabilities.

During 2013, Canada's overall net international investment position increased by $328.8 billion, despite an ongoing current account deficit.

Canada's net foreign indebtedness with the United States decreased by $176.4 billion to $280 billion at the end of 2013.

At the same time, Canada's net asset position with the aggregate "other countries" increased by $152.4 billion to $306.7 billion.

The Canadian Press


Read more Business News

25925


Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.62-1.86
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8210+0.0002
Gold1176.80-17.60
Oil55.50-0.88
Lumber256.60+3.90
Natural Gas2.533+0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



25608

FEATURED Property
2160712527 Valley Road
10089877 bedrooms
$1,469,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_





25221


Member of BC Press Council


25692