Thursday, November 17, 2011

Foreigners continue to park they cash in Canada

Another month and another $7.3 billion in foreign capital.  Composition has changed from bonds and stock to 99.5% in money market (a new trend).  This ultra hot money says less about Canada than it does about the worries foreigners have as to the global economy.  

Capital inflow -- (incl September 2011)
Foreign portfolio investment in Canadian securities
(Source: StatsCan)

CAD is toying around the 0.97/1.03 range to the USD.  Despite WTI hitting a high of $103/bbl early this morning.


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