The World Is Piling Into Canadian Debt at Fastest Pace on Record
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The world’s appetite for Canadian government bonds this year is the heartiest ever as the country wins back its status as a haven for global debt investors.
Foreign investors plowed C$22.9 billion ($18.7 billion) into federal bonds during the first four months of 2015, the biggest inflow for the period in data going back to 1988. Last year, foreign investors sold C$9.6 billion more of the nation’s debt than they bought, the biggest net-outflow since 2003, as the currency and prices for crude oil, Canada’s largest export, plunged.