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Canada Experiences Capital Flight as Investors Shift to Safe Havens
Canada Experiences Capital Flight as Investors Shift to Safe Havens
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BTCCSquare news:
Foreign investors are rapidly retreating from Canadian markets, offloading $3 billion in equities during June after a staggering $11.5 billion divestment in May. The exodus concentrates in financial stocks, which dominate the TSX's composition. While foreign entities purchased $6.9 billion in Canadian bonds, this marked a 30% decline from prior months.
Domestic investors mirror this trend, deploying $9 billion into foreign securities—primarily US equities—resulting in a $8.3 billion quarterly capital outflow. The aggregate Q2 capital flight reaches $43.7 billion as market participants globally rebalance toward perceived safe-haven assets.
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