Capital is leaving Canada faster than ever; The country is now officially in recession

Foreign investors dumped $16.8 billion in Canadian securities. Bonds led the retreat with $10.3 billion pulled, followed by $3.6 billion in money market instruments and $3 billion in equities. That’s not rebalancing. That’s evacuation. https://betterdwelling.com/canadas-capital-flight-crisis-record-exit-by-foreign-domestic-investors/

Domestic firms joined the exodus, sending $26.8 billion abroad — triple the Q1 figure. Half of it went straight to the U.S. Canadian investors scooped up $19.7 billion in foreign equities, mostly American. Apparently, Canada’s best growth prospects are on Wall Street. https://www150.statcan.gc.ca/n1/daily-quotidien/240816/dq240816a-eng.htm

Foreign direct investment into Canada collapsed 39%, from $30.2 billion to $18.5 billion. That’s not a dip. That’s a vote of no confidence. Less FDI means fewer jobs, slower expansion, and a weaker economy. The kind that doesn’t attract capital — it repels it. https://www.bnnbloomberg.ca/canada-sees-largest-capital-outflow-since-2008-as-investors-flee-1.2087654

National Bank of Canada tried to spin June’s $700 million in net foreign buying as a rebound. But it barely dents the $22.65 billion pulled in the previous four months. “Never has the first half of a calendar year produced such tepid foreign interest,” wrote Warren Lovely. That’s not recovery. That’s a dead cat bounce. https://www.marketscreener.com/news/national-bank-of-canada-capital-flight-or-is-it-fright–ce7c51ddda80fe2d/

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