Despite tariffs, Canadians buying record amount of American shares
The latest data from Statistics Canada shows a record-high amount of Canadians buying shares in the U.S. despite a renewed effort to promote Canada in the face of tariffs.
The latest data from Statistics Canada shows a record-high amount of Canadians buying shares in the U.S. despite a renewed effort to promote Canada in the face of tariffs.
The government agency said Canadians scooped up $29.8 billion in U.S. shares in February.
This marks the largest on record since December 2023, long before the election of U.S. President Donald Trump and his subsequent tariffs on Canadian imports.
“The investment in the US stock market followed a sizable divestment of $15.6 billion in January and focused on shares of large capitalization technology and financial firms,” reads Statistics Canada’s report.
“US share prices, as measured by the Standard and Poor's (S & P) 500 composite index, reached an all-time high in mid-February before retreating by the end of the month.”
Conversely, foreign investors decreased their holdings in Canadian securities by $6.5 billion over that same period, marking the first divestment in 12 months.
A reduction of $21.9 billion in Canadian shares in February saw the highest monthly divestment since October 2007.
“On an industry basis, the declines in February were widespread, led by shares from the management of companies and enterprises, manufacturing as well as energy and mining industries,” it said.
Despite the divestment in Canadian shares, Canadian bonds saw an increase of $9.9 billion from non-resident investors.
However, that figure still marked a decrease from the $33.5 billion investment from January.
Canada’s bond market was characterized by foreign acquisitions of corporate bonds, accounting for $19.2 billion in February.
This was offset by divestments of $6.4 billion in federal government bonds and $2.9 billion in provincial government bonds.
For 10 years Canadians have been watching our economy being destroyed by the Liberal Regime. Of course they are looking at investing else where. The Regime's false economy of taxpayer funded EV battery plants aren't going to cut it as an investment
Does this sort of tell you how people will vote in this election. People don't trust the lieberals. They want to keep their money safe. I don't blame them. Even con carney (the guy who is supposed to believe in his country and lead it) moved all his money and assets to another country. Where he will lose nothing. What does that tell you, when the supposed leader has no faith. It tells me that he is up to no good for this country and maybe worse.