Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canada Records First Ever Surplus in Net Foreign-Asset Position

March 13 (Bloomberg) -- Canada reported the first ever surplus in its international assets in the fourth quarter, supported by gains in foreign stock markets and a weaker currency.

Statistics Canada reported a net international investment position of C$26.7 billion on assets of C$2.91 trillion and liabilities of C$2.88 trillion. The agency’s records date back to 1990.

Foreign assets held by Canadians rose by C$240 billion in the fourth quarter on gains in stock prices while Canada’s dollar fell 3.1 percent against the U.S. dollar. The weaker currency raised the value of Canada’s international assets more than the value of liabilities, Statistics Canada said.

Canadian assets held by foreigners rose by C$142 billion in the fourth quarter, according to the report.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editors responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net Chris Fournier

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.