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Top Tech News
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Rewiring
Canada Sees Domestic & Foreign Investors Pull Out At A Record Pace
Canada has historically had a reputation as a safehaven to global investors, but those days are suddenly gone. Statistics Canada (Stat Can) released its securities trade for February. The data revealed global capital continues to flee the country's capital markets at a record pace. Even worse, domestic investors are now joining them.
Canadian Investors Flee To Foreign Securities, Sets Record For Bonds
Canadian investors are sinking record amounts of cash into foreign markets. Investors bought $24.2 billion in foreign securities in February, after sending $7.6 billion in January. Most of the capital was sunk into foreign bonds, setting a record.