Canada's millionaire "boom"

"The strong Canadian markets and Baby Boomers entering their prime earning years sent the number of millionaires in the country to 230,000 in 2005, a 7.2% increase from the year before, according to data compiled by Merrill Lynch and consulting firm Capgemini. High-net-worth individuals are considered to be those with over US$1-million in financial assets, which does not include their primary residence or assets, including artwork and cars. Seventy percent of Canadians falling into that category are over 50 and one-third of them are over 70." "Canada's Ranks Swell to 230,000" National Post Canada