Thursday, November 19, 2009

Foreigners buying more Canadian equity


Foreigners invested $14 billion in Canadian equities in September 2009. On the other hand, Canadians shrank their international portfolios by $5 billion.  A detailed breakdown is available from Statistics Canada.

The highest rate of foreign investment was observed in May 2009 when Canadian bonds became the darling of foreign investors. The story in September 2009 was different where the biggest chunk in investment is in the equity markets.

Canadian securities have been in vogue as of late. Even the Federal Reserve Chairman, Ben Bernanke, had expressed faith in the Canadian economy by personally investing in the Canadian Government bonds. He however sold the Canadian government bonds first in July 2008 and later in November 2008.

No comments:

Post a Comment