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Old 03-16-2009, 02:40 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default Canadian household net worth down 4.4%

According to Statistics Canada the average Canadian household net worth had its biggest drop ever, falling 4.4 per cent in the last 4 months of 2008.

Canadians lost an average of $14,000 from their net worth in the last 2 quarters, mainly due to dismal stock markets.

I wonder what happens when the housing decline accelerates, considering that a large percentage of the net worth of most Canadians is tied to their homes
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