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.
Read more Business News
- 80,000 lose powerBC - 5:54 am
- Hiker struck by falling rockPenticton / S. Okanagan
- Apartment laundry rooms targetedPenticton / S. Okanagan - 5:00 am
- School District remits $11.5MCentral Okanagan - 5:40 am
|QHR Technologies Inc||1.16||-0.01|
|Anavex Life Sciences||0.192||+0.001|
|Copper Mountain Mining||2.07||-0.10|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.46||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...