Percentage of Canadian millionaires falls with loonie

Toronto, October 16 (CINEWS): Thanks to a plunging loonie, fewer Canadians can continue to identify as dollar millionaires unless they are content with counting their loonies.
The latest annual Credit Suisse global wealth report, released this week suggests there are 1.5 million Canadians who rank among the top 1 per cent in terms of wealth.loonie-canadian-dollar-20150130
Last year when the Canadian dollar was trading at or almost at par with the US greenback, 1.14 million people held millionaire status, and 1.6 million joined the ranks of the world’s 1 per cent.
This year it’s a different story, just 984,000 Canadians can identify themselves are proper millionaires and to do that they need to have no less than $760,000 (U.S.) in assets.
What’s in your wallet?

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