Canadians worth $137,300 each: Statistics Canada

Last Updated: Friday, March 17, 2006 | 12:03 PM ET

CBC News

Canada's national net worth reached $4.5 trillion by the end of 2005, or roughly $137,300 per person, Statistics Canada said Friday.

The country's net worth grew by 1.4 per cent, or $60.4 billion, over the last three months of 2005, up sharply from 0.7 per cent in the third quarter, when growth was constrained by an increase in net foreign debt.

The national net worth is the total of the non-financial assets, such as produced assets, land surrounding structures and agricultural land, less foreign-held debt.

Household net worth grew by 1.4 per cent, down from 2.4 per cent in the third quarter, due to slower increases in both residential real estate and equities.

At the same time, Canadians' appetite for debt eased on lower demand for consumer credit and mortgages. The ratio of household debt to net worth remained flat at 18.1 per cent in the quarter.

Growth in total household debt slightly outpaced that of personal disposable income, as Canadian households currently carry about $1.08 in debt for every dollar of their disposable income.

Stay Connected with CBC News

Big Box Advertisement

Top News Headlines

Senator Pamela Wallin leaves Conservative caucus

Senator Pamela Wallin leaves Conservative caucus: Senator Pamela Wallin says she is recusing herself from the Conservative caucus while her travel expense claims are under scrutiny. Wallin's departure comes one day after Senator Mike Duffy left the Tory caucus amid controversy over his expense claims. more »

Toronto Mayor Rob Ford denies crack cocaine allegations: Toronto Mayor Rob Ford says allegations he was caught on tape smoking crack are "ridiculous," following reports that someone had been trying to sell a purported recording of such an event to U.S. and Canadian media outlets. more »
WHO concerned coronavirus spreading person to person: The World Health Organization has issued a blunt assessment of the coronavirus outbreak in Saudi Arabia, acknowledging for the first time that there are concerns the virus may be spreading from person to person, at least in a limited way. more »
12 young leaders changing Canada in this week's Generation Why: If the number of young entrepreneurs and innovators in Canada is any indication, the generation that came of age alongside the modern web is ready to rethink everything. Meet 12 young people our readers nominated as the most dedicated, impressive, creative and intelligent Canadians under the age of 30 they know. more »
Should genetic testing for cancer be available to all Canadians?: The revelation that Hollywood celebrity Angelina Jolie had a double mastectomy as a preventative measure against cancer stoked heated discussion this past week, but one prominent cancer researcher says it demonstrates the need to make genetic testing available to all Canadians. more »

Must Watch

Latest Business Headlines

Cheaper gas pushes inflation lower: Canada's annual inflation rate fell sharply in April, from 1.0 per cent the previous month to 0.4 per cent, largely on the back of lower gasoline prices more »

1 year later, Facebook stock remains below IPO price: A year after Facebook's high profile IPO, investors are still skeptical about its prospects and the stock price is wallowing. more »
IRS's integrity at stake in scandal over screening of conservative groups: Unloved in the best of times, the Internal Revenue Service will have to scramble to convince U.S. lawmakers and the public that its intentions were pure, not partisan, when it subjected groups affiliated with the Tea Party movement and other conservative causes to special scrutiny. more »
GM shares close above IPO price for 1st time in 2 years: Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 US for the first time in more than two years. The day wasn't bad for GM's rivals either, with Ford shares closing above $15 for the first time since May 2011 and Toyota, Honda and Nissan all hitting 52-week intraday highs. more »
AECL to cost $236M more than expected this year: A new report from the parliamentary budget officer shows Atomic Energy of Canada Ltd. continues to be a drain on the public purse and will cost an additional $236 million this year. more »

More Headlines »

Lang & O'Leary Exchange

Markets

TSX COMPOSITE

Rotate stock indices Pause stock rotation Show previous stock PLAY

May 18, 2013 12:00 AM ET May 18, 2013 12:00 AM ET May 18, 2013 12:00 AM ET May 18, 2013 12:00 AM ET May 18, 2013 12:00 AM ET

Index	Last Trade	Change
TSX COMPOSITE	12613.05	105.45
DOW	15354.40	121.18
NASDAQ	3498.97	33.73
SP 500	1667.47	17.00
TSX-VENTURE	934.68	1.82

The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.