Canada's net international investment position advanced $94.5 billion in the third quarter according to new figures from StatsCan.
Canada's net international investment position advanced $94.5 billion in the third quarter according to new figures from StatsCan. This resulted in a return to a net asset position of $25.6 billion, following the net foreign debt position posted in the second quarter. This change largely reflected a weaker Canadian dollar, which increased the value of Canada's international assets. Direct investment accounted for the largest proportion of the change in Canada's international investment position in the third quarter. The net direct investment asset position was up $61.9 billion to $163.5 billion.
