Net foreign debt down 981 billion in fourth quarter StatsCan

Net foreign debt down $98.1 billion in fourth quarter: StatsCan AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email The Statistics Canada offices in Ottawa are pictured, May 1, 2013. THE CANADIAN PRESS/Sean Kilpatrick 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. by The Canadian Press Posted Mar 13, 2014 6:38 am MDT

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