1. Foreign Appetite for Canada Public Debt Highest Since 2021.
- Author
-
Hertzberg, Erik
- Subjects
GOVERNMENT business enterprises ,INVESTORS ,SECURITIES ,EXTERNAL debts ,BANKING industry - Abstract
Foreign investors are showing a strong interest in Canadian public debt, with the highest level of investment in over two years. In January, international investors purchased a net total of C$21.3 billion ($15.7 billion) in bonds and bills issued by Canada's federal and provincial governments and their business enterprises. The majority of this investment was in federal government debt, with an additional investment in securities of government corporations and business enterprises. However, non-residents reduced their private sector corporate paper by a record C$15.5 billion, largely due to retirements of instruments from the banking sector. Canadians, on the other hand, sold a net total of C$7.6 billion in foreign securities in January. Overall, net foreign investment in Canadian securities was C$8.9 billion, slightly lower than the previous month. [Extracted from the article]
- Published
- 2024