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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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
