{"id":5812,"date":"2015-02-18T06:36:16","date_gmt":"2015-02-18T11:36:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5812"},"modified":"2015-02-18T06:36:16","modified_gmt":"2015-02-18T11:36:16","slug":"money-is-bailing-out-of-canada","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5812","title":{"rendered":"Money Is Bailing Out of Canada"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/02\/17\/money-is-bailing-out-of-canada\/\" target=\"_blank\">Money Is Bailing Out of Canada<\/a><\/h3>\n<p>The floodgates opened in December. Perhaps it had something to do with oil, Canada\u2019s number one export product, whose price went into free-fall in November and triggered extensive bloodletting in the Canadian oil patch. Or perhaps foreign investors got spooked by something else.<\/p>\n<p>Until then, they\u2019d been sanguine: from January through November, they\u2019d added C$72.5 billion in Canadian securities to their holdings. But in December, they\u00a0<em>suddenly dumped C$13.5 billion<\/em>\u00a0\u2013 the most in 18 months.<\/p>\n<p>That included C$8.5 billion in Canadian government and corporate bonds, according to<a href=\"http:\/\/www.statcan.gc.ca\/daily-quotidien\/150217\/dq150217a-eng.htm?HPA\">Statistics Canada<\/a>, which defines bonds as debt with an original term to maturity of more than one year. This wholesale dumping of bonds was partially offset by an\u00a0<em>increase<\/em>\u00a0of C$2 billion in money market instruments. They went looking for the safety of short maturities.<\/p>\n<p>And as Canadian stocks fell a barely perceptible 0.8% in December, these frazzled foreign investors who\u2019d splurged on Canadian equities from January through November by adding another $32.3 billion to their holdings, suddenly dumped C$7.0 billion of their shares, the most since February 2013.<\/p>\n<p><a class=\"image-anchor\" href=\"http:\/\/wolfstreet.com\/wp-content\/uploads\/2015\/02\/Canada-investment-by-foreigners-2010_2014-dec.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12125\" src=\"http:\/\/wolfstreet.com\/wp-content\/uploads\/2015\/02\/Canada-investment-by-foreigners-2010_2014-dec.png\" alt=\"Canada-investment-by-foreigners-2010_2014-dec\" width=\"539\" height=\"418\" \/><\/a><\/p>\n<p>But it wasn\u2019t just foreign investors who got frazzled in December. Canadians too ran scared and sent C$13.9 billion of their hard-earned money across the border \u2013\u00a0<em>the most since December 2000!<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money Is Bailing Out of Canada The floodgates opened in December. Perhaps it had something to do with oil, Canada\u2019s number one export product, whose price went into free-fall in November and triggered extensive bloodletting in the Canadian oil patch. Or perhaps foreign investors got spooked by something else. Until then, they\u2019d been sanguine: from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[88,103,3631,1775,1936],"class_list":["post-5812","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bonds","tag-canada","tag-canadian-securities","tag-oil-price-collapse","tag-statistics-canada"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5812"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5812\/revisions"}],"predecessor-version":[{"id":5813,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5812\/revisions\/5813"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}