A report out of Canada early this afternoon pointed towards a significant rise in foreign investment within the Canadian economy this past month. The CAD may be seeing downward price action from regional woes and risk aversion, but data such as this highlights the relative stability of the northern giant’s economic values.
Statistics Canada published its Foreign Securities Purchases report which was expected to show a rise of approximately C$7.41B growth. The indicator measures the total value of domestic bonds, stocks, and money-market assets purchased by foreigners during the reported month. The actual figure came in at C$15.40B, trouncing forecasts and underlining the growth in capital markets across Canada which economists have discussed only mildly in the past few weeks.
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