Canada's Investor Shift and Economic Developments in Focus
Canadian investors have been selling off their holdings of U.S. equities in recent months, reversing a trend that saw them build up their positions in American stocks and investment funds.
The record level of unloading came in July, with Canadian investors sharply reversing course after building up their U.S. equity holdings in recent months.
In related news, the Bank of Canada Governor Tiff Macklem is set to speak on economic developments today in Halifax, covering a wide range of topics including retail sales, population estimates, and potential alliances with the European Union.
The federal government plans to introduce a bill called the Building Canada Strong Act, which aims to ensure that federal projects face a single review and decision within one year.