Tuesday, August 4th16.3°C
27107

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 TSX14491.05+22.32
S&P CDNX589.88-4.43
DJIA17550.69-47.51
Nasdaq5105.55-9.84
S&P 5002093.32-4.72
CDN Dollar0.7574-0.0009
Gold1086.40-4.30
Oil46.47+0.34
Lumber258.60-0.10
Natural Gas2.841+0.001

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.40-0.02
Cantex0.04+0.00
Anavex Life Sciences1.46+0.33
Metalex Ventures0.05+0.00
Russel Metals19.39-0.01
Copper Mountain Mining0.80+0.01
Colorado Resources0.085+0.020
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.08-0.02
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
1953754625 Fuller Ave.
2 bedrooms 3 baths
$629,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Mortgage policy changes?

There are rumours circulating again that the federal government may move to tighten mortgage insurance criteria. This is prompted by a recent article in the Financial Post. The housing market while b...


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...

_



26376




Member of BC Press Council


27074