Paul Martin's Business Update - December 18th
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Paul Martin's Business Update - December 18th
Canadian companies are the darling of the global investment community.
All of us who use a financial advisor have probably been told that a little diversification in the portfolio is a good thing. Generally they will suggest a mix of Canadian and international equities for those who are interested in stocks.
It is the same story for investors the world over. And Canada has the eye of many of those living outside the country. The latest tally of foreign investment in Canadian stocks is from October, showing an increase of more than $4 billion in the month. And that comes on a jump of $10 billion in September, making it six out of seven months that foreigners have been moving money into Canada.
At the same time, we’ve been unloading some of our American holdings. Part of this may be our currency. As the Canuck buck declines, all things Canadian are effectively on sale, likely one reason for our popularity. Similarly, dumping US stocks provides a bonus – in the range of five per cent right now – as we sell stocks denominated in the more valuable American dollar.
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