Foreigners love affair with Canada
Yesturday you forecasted that Canada would outperform the US. What's so great about Canada?
In the last 12 months foreigners have scooped up over $118 billion in Canadian securities. Scotia Capital believes this trend will continue because Canada has sound finances. They are also recommending an overweight position in Canada.
What about the US? Aren't they going to determine what happens in Canada?
Bloomberg reported that inflation is surging in the US so that could be something that drives asset prices higher there, but if anything that will add fuel to the foreign support for the Canadian market fire.
In the last 12 months foreigners have scooped up over $118 billion in Canadian securities. Scotia Capital believes this trend will continue because Canada has sound finances. They are also recommending an overweight position in Canada.
What about the US? Aren't they going to determine what happens in Canada?
Bloomberg reported that inflation is surging in the US so that could be something that drives asset prices higher there, but if anything that will add fuel to the foreign support for the Canadian market fire.
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posted by David Allard at
7:36 AM
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