Here’s what I posted to X a second ago after reading the latest of what fits precisely into my new category here at PTBC, Canada Going Down:
Here’s the source: If no one wants to invest here, what does that say about our country? | National Post
And here’s a bit of an extended excerpt:
…But investors today are growing increasingly wary about sinking money into Canada — whether it’s foreign companies looking to acquire Canadian businesses or mutual funds investing in Canada’s stock markets.
According to the latest World Bank data on Canada, net outflows of foreign direct investment are nearly double the amount of investment dollars coming into this country. That’s never good.
There were a string of other troubling reports in recent months as well, including news that foreign investors sold nearly $50 billion worth of Canadian equities in 2023 — the largest exodus of securities investment dollars in our history.
Canadians, meanwhile, were busy buying up a record amount of foreign stocks and bonds, according to BNN Bloomberg. The common thread that runs through all of these reports is a disturbing lack of conviction and trust on the part of investors in Canada’s economic fundamentals.
None of this is ever good. I mean unless you’re doing it on purpose, I suppose.
PTBC was founded by Mr. Johannesen in 2000.
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