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#1
03-16-2009, 02:40 PM
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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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