(Source: Bloomberg)

Canadian household net worth rose in the July-September quarter as individuals benefited from a rise in stock markets, helping consumers to keep spending and drive an economic recovery.

The value of families’ assets, such as houses and savings accounts, minus their liabilities rose 2.3 percent to C$5.72 trillion ($5.38 trillion) in the third quarter, Statistics Canada said today in Ottawa. Canada’s Standard & Poor’s/TSX Composite Index rose 9.8 percent in the third quarter, leaving it 21 percent below where it was in mid-2008.

Read Greg Quinn’s full article “Canada Household Net Worth Rises 2.3% as Stocks Rally” in Bloomberg (December 14, 2009).

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