Loonie Takes Hit as Canada Misses Foreign Investment Mark

Canada's foreign portfolio investment in Canadian securities for July came in at $20.65 billion, falling short of expectations.

The actual figure missed a forecast of $28.64 billion by $7.99 billion, indicating weaker-than-expected cross-border demand for domestically issued assets during the month.

This shortfall has put downward pressure on the Canadian Dollar and is likely to lead to increased volatility in CAD-related pairs over the coming weeks.