Canada ranks as the thirteenth richest nation globally, according to UBS’s 2026 Global Wealth Report. The report highlighted a significant increase in global personal wealth in 2025, growing by over 10%, the fastest growth in years. North America is identified as the wealthiest region, primarily due to the United States, which holds the second position worldwide with an average wealth of $696,277 per adult. Canada’s average wealth per adult stands at $567,000. The report also notes that Canada has a financial asset share of 66.2% among its wealth, while its debt-to-wealth ratio is 18.2%, placing it fifth globally. Despite the rise in the number of millionaires worldwide—approximately one million new millionaires in 2025—Canada did not experience similar growth in this demographic.
Why It Matters
This report underscores the widening wealth disparities among nations and highlights the economic landscape in North America, where significant wealth concentration exists. The data reveals how North America’s wealth distribution is heavily influenced by the United States, which alone accounted for over 440,000 new millionaires in 2025. Historically, Canada has maintained a position of relative economic stability, but its lack of growth in the millionaire category compared to its neighbors raises questions about domestic wealth generation and economic policies. Understanding these trends is crucial for assessing economic health and policy effectiveness within Canada and the broader North American context.
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