- Joined
- Mar 24, 2009
- Messages
- 16,743
Canada's household debt falls from record levels
OTTAWA ` Canada's net worth increased 0.3 per cent to $6.3 trillion in the fourth quarter while household debt fell from record levels, Statistics Canada said Monday.
It marked the slowest growth for the year in the country's net worth ` which worked out to $184,200 per person ` as gains in non-financial assets, mostly housing, were offset by a growing amount of foreign debt.
Increasing national debt levels were largely a result of foreign purchases of government and corporate bonds.
Looking strictly at households, Statistics Canada said household per capita net worth was up 2.2 per cent to $6.2 trillion in the fourth quarter, or $181,700 per person.
Read the full article here.
OTTAWA ` Canada's net worth increased 0.3 per cent to $6.3 trillion in the fourth quarter while household debt fell from record levels, Statistics Canada said Monday.
It marked the slowest growth for the year in the country's net worth ` which worked out to $184,200 per person ` as gains in non-financial assets, mostly housing, were offset by a growing amount of foreign debt.
Increasing national debt levels were largely a result of foreign purchases of government and corporate bonds.
Looking strictly at households, Statistics Canada said household per capita net worth was up 2.2 per cent to $6.2 trillion in the fourth quarter, or $181,700 per person.
Read the full article here.