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CANADA DATA: Foreign Inflows Continued At A Healthy Pace In July

CANADA DATA
GlobalCanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Noted earlier, foreigners bought a net C$11bn of Canadian securities in July (of which C$13.1bn in domestic bonds) after a net C$5.2bn in June.
  • Canadian investment in foreign securities meanwhile slowed to C$4.5bn after C$16bn in June, with the combination driving net portfolio inflows in July.
  • The C$13bn net foreign inflow into Canadian bonds sees another healthy inflow, even if it’s down from some particularly strong figures earlier this year.
  • It sees a ytd amount at C$134.6bn vs $84.5bn as of Jul 2023, for the highest in recent years (for the admittedly nominal series). C$81bn of that has been into government bonds (of which C$59bn federal) with the remaining $53.5bn into corporate bonds.
  • It suggests a continuation of the recent net CAD portfolio inflows seen in Q2 BOP data (worth C$46.6bn for Q2 or an annualized 6.3% GDP), helping to start to turn around trend outflows with a four-quarter rolling average outflow worth 1.4% GDP. 
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  • Noted earlier, foreigners bought a net C$11bn of Canadian securities in July (of which C$13.1bn in domestic bonds) after a net C$5.2bn in June.
  • Canadian investment in foreign securities meanwhile slowed to C$4.5bn after C$16bn in June, with the combination driving net portfolio inflows in July.
  • The C$13bn net foreign inflow into Canadian bonds sees another healthy inflow, even if it’s down from some particularly strong figures earlier this year.
  • It sees a ytd amount at C$134.6bn vs $84.5bn as of Jul 2023, for the highest in recent years (for the admittedly nominal series). C$81bn of that has been into government bonds (of which C$59bn federal) with the remaining $53.5bn into corporate bonds.
  • It suggests a continuation of the recent net CAD portfolio inflows seen in Q2 BOP data (worth C$46.6bn for Q2 or an annualized 6.3% GDP), helping to start to turn around trend outflows with a four-quarter rolling average outflow worth 1.4% GDP.