The value of Canada’s international financial assets continued to exceed liabilities in the second quarter. The country’s net foreign asset position increased by $25.7 billion in the second quarter to $271.5 billion, a fourth consecutive quarterly advance. The increase in the net asset position mainly reflected the stronger performance of foreign stock markets relative to the Canadian stock market. Over the quarter, the US stock market rose 2.6% while the Canadian stock market declined by 2.4%.
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