AI is reshaping global wealth – and Canada is climbing the ranks
Canada climbs the global wealth rankings
Among the Allianz Global Wealth Report 2026 report’s most notable findings for Canadian wealth managers and financial planners is Canada’s improved standing in the global rankings.
Canada ranked seventh globally in net financial assets per capita in 2025, at EUR135,350 – up from eleventh place in 2005, representing a significant two-decade climb. On a gross basis, Canada also ranked seventh at EUR187,230 per capita. The country’s household debt-to-GDP ratio of 103.3 per cent keeps it below the United States, Switzerland, Denmark, Singapore, Taiwan and Sweden on the net wealth ranking, but the trajectory is clear: Canadian household wealth has grown substantially relative to peer nations.
This aligns with domestic data showing Canadian household net worth climbed to a record $18.6 trillion in early 2026 even as debt loads continued to rise. The Allianz report reinforces the structural story already playing out in Canada, that markets, not savings, are increasingly doing the heavy lifting.
Globally, fresh savings fell 5.4 per cent to EUR4.1 trillion in 2025. For every five euros of new wealth created, four came from rising asset valuations rather than new money put to work.
In North America, new savings dropped 17.5 per cent, but the region generated 51.4 per cent of the entire global increase in financial assets, because its portfolios are heavily tilted toward securities. According to Allianz Research, North American households allocated 60.7 per cent of their financial assets to equities, bonds and investment funds, which rose 12.4 per cent in 2025 – more than twice as fast as bank deposits (up 5.7 per cent) or insurance and pension assets (up 5.0 per cent) for the third consecutive year in a row.
