Canadians Ride Stock Market Rally to Offset Real Estate Slump

Canadians are riding the recent stock market rally to bolster their wealth, more than offsetting a slump in real estate. In the fourth quarter, households saw their net worth – the value of all assets minus all liabilities – rise by $290-billion or 1.8 per cent to roughly $16.4-trillion, Statistics Canada said Wednesday in a report. Financial assets, such as stocks and bonds, jumped by 5 per cent as investors bid up prices in anticipation of lower interest rates. This increase outweighed a 1.

9-per-cent drop in the value of residential real estate, a second consecutive quarterly decline. On the other side of the ledger, Canadians were cautious about taking on debt. Financial liabilities rose by 3.4 per cent in 2023, the weakest accumulation of household debt in a calendar year since 1990. The numbers suggest that many Canadians are benefiting from asset diversification at a fraught time for personal finances, given the threats posed by higher interest rates and more onerous debt payments. Still, Statscan cautioned that not everyone is reaping the benefit

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: S&P 500 poised for new record with Powell back in spotlightInvestors are looking for further clues on the path of interest rates in Jerome Powell's second day of testimony.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: US stocks fall as tech, rate-cut doubts creep inUncertainty over Fed interest rate cuts and the continued strength of tech stocks has brought caution to the market.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Stocks rise after February jobs reportAll eyes are on the crucial monthly jobs report that could shift the needle on the timing of interest rate cuts.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Wall Street pulls back from its record after a shaky dayNEW YORK (AP) — Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Stock market today: Stocks little changed following record-setting weekStocks are stacking up gains again after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »