Canada ranks among the 20 wealthiest nations globally, but Canadians continue to lag behind Americans in average personal wealth, a new report shows.
The 2026 Global Wealth Report from Swiss bank UBS has identified Canada as the 13th wealthiest country in the world, with an average personal wealth of US$399,886 per adult. That equals roughly $567,000 in Canadian dollars.
Americans rank significantly higher than Canadians on the global scale, securing the second position with an average wealth of US$696,277 per adult. The United States came in well behind first-place Switzerland, however, where the average wealth per adult is US$910,382.
The yearly UBS Global Wealth Report created by Switzerland’s largest bank assesses wealth in U.S. dollars by analyzing financial and non-financial assets, such as real estate, after subtracting any debts….