Thursday, March 5th-4.7°C
25405
24576

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




Recent Trending




Today's Market
S&P TSX15082.84-51.01
S&P CDNX698.09-4.21
DJIA18096.90-106.47
Nasdaq4979.668+12.526
S&P 5002101.08+2.55
CDN Dollar0.8024-0.0025
Gold1200.00-0.60
Oil53.35+0.12
Lumber287.30-3.40
Natural Gas2.746-0.023

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.18+0.005
Metalex Ventures0.04-0.005
Russel Metals24.95-0.26
Copper Mountain Mining1.24-0.01
Colorado Resources0.13-0.005
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225+0.01

 





FEATURED Property
2216540107-533 Yates Road
$197,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25413