Monday, October 5th12.8°C

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 TSX13552.20+212.46
S&P CDNX529.91+4.35
S&P 5001987.05+35.69
CDN Dollar0.7639-0.0005
Natural Gas2.461+0.011

Okanagan Companies
Pacific Safety0.215+0.000
QHR Technologies Inc1.22+0.03
Metalex Ventures0.06+0.00
Russel Metals22.51+1.03
Copper Mountain Mining0.50+0.08
Colorado Resources0.07-0.01
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.095+0.005
Decisive Dividend Corp3.49+0.00
Diamcor Mining0.90+0.02



2408159401-538 McKay Avenue
3 bedrooms 2 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council