International Equities posted Q4 2021 . boosted Canada’s balance sheet in

Canada’s stock market gained 6%, while the US gained 11% and Europe gained 6%.

About 74% of Canada’s international assets (and 45% of its liabilities) were in equity as of the end of the fourth quarter of 2021.

Significant increase in international wealth

Canada had about $8 trillion in international assets at the end of the quarter, an increase of $491 billion during the three-month period.

While market prices increased by $319 billion, direct investment also increased by $220 billion. The gains of $59 billion were controlled by exchange rate fluctuations.

On the other side of the balance sheet, international liabilities increased from $194 billion to more than $6 trillion, led by foreign borrowings of $222 billion.