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June 10, 2021CANADA'S INTERNATIONAL INVESTMENT POSITION, Q1 2021 Canada's net international investment position continued to rise in the first quarter of 2021. Higher equity prices drove the increase, with some moderation by revaluation effects due to fluctuations in exchange rates.
As of Q1 2021, Canada had a positive net international investment position (at market value) of $1,390.5 billion. This consists of Canadian-held assets abroad worth $6,722.1 billion net of the Canadian liabilities to asset-holders abroad valued at $5,331.7 billion. The recent rebound in asset and liability values is associated with recovering equity prices as major stock markets continue to report quarterly gains.
The gains in equity prices affects Canada's international assets more than it does Canada's international liabilities. Canada's international assets were up $119.8 billion from the previous quarter to a record high largely due to market price changes. Liabilities were up $80.8 billion also on higher market prices.
CANADA'S INTERNATIONAL INVESTMENT POSITION BY DETAILED ASSET CATEGORY
Canada's international assets abroad consist of 72.2% equity (either direct investment or portfolio investment). Debt, bonds, loans, currency/bank deposits make up the bulk of the rest of Canada's international asset position. In contrast, Canada's liabilities to asset-holders abroad consist more of debt (direct debt, bonds, money market securities and currency/bank deposits) than of equity, which only accounts for about 43% of liabilities.
Source: Statistics Canada. Table 36-10-0485-01 International investment position, book and market values, quarterly (x 1,000,000)
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