Canadian household wealth tops $19 trillion for the first time


Households added $550 billion to their collective wealth, a 2.9 per cent jump from the first quarter of the year, to hit $19.4 trillion, according to Statistics Canada’s latest national balance sheet, released Friday. Stock market gains steered the ratio of financial to non-financial assets to its highest level since 2000, with $1.24 in financial assets for every dollar of non-financial assets.



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