A recent report by UBS has ranked Canada as the 13th wealthiest nation globally, based on average household wealth metrics.The analysis revealed that Canadian households hold an average of $280,000 in assets, placing the country above nations like Germany (ranked 27th) and below Luxembourg (1st).The report emphasized that over 55% of Canada's adult population holds assets exceeding $100,000, a figure surpassed only by Luxembourg.Key findings include: 1) Global wealth grew by 6.

8% in 2023, with North America leading the growth rate; 2) Canada's debt-to-wealth ratio stands at 54%, lower than the OECD average of 62%; 3) The U.S.remains the wealthiest nation with an average of $1.2 million per household.

The report also highlighted regional disparities, noting that provinces like Alberta and British Columbia have higher wealth concentrations due to resource wealth and real estate markets.Notably, Canada's middle-income bracket (households earning between $50k-$100k) has grown by 18% since 2019, reflecting economic stability.

The findings underscore Canada's position as a major player in global wealth distribution while highlighting opportunities for further economic growth.