National wealth increases for the second consecutive quarter
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National wealth, the value of non-financial assets in the Canadian economy, rose 1.2 percent to $10,769 billion at the end of the fourth quarter, led by growth in the value of residential and commercial structures. Canada's net foreign asset position rose by $115.4 billion to $400.7 billion in the fourth quarter. Compared with the end of 2016, the net asset position nearly doubled in 2017 on the strength of foreign stock markets. National net worth, the sum of national wealth and Canada's net foreign asset position, increased by $243.5 billion to $11,169.7 billion at the end of the fourth quarter. On a per capita basis, national net worth increased from $296,200 in the third quarter to $302,300 in the fourth quarter.
