Foreigners flee Canadian securities

Article Abstract:

Foreign investors have unloaded a record C$6 billion in Canadian securities in Jan 1999. The sellout has been attributed to the worries over a possible financial meltdown in Latin America when Brazil devalued its currency. The selloff includes $4.7 billion in money paper and C$1.3 billion in Canadian bonds. However, the market is expected to rebound if the US market continues to perform well, and if the Latin American and Asian economies stabilize.

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Market information - general

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Dollar drops sharply as Canada sheds jobs

Article Abstract:

March 2004 saw a huge drop in the employment scale in Canada, which sparked a drop in the Canadian dollar by 0.99 cents. Economist at Global Insight reduced their Canadian gross domestic product growth forecast to 2.8 percent from three percent.

Employment, Forecasts, trends, outlooks, Administration of General Economic Programs, Jobs & Employment, Forecasts and trends, Gross domestic product, Market trend/market analysis, Dollar (Canada)

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