Canadian investors break fund outflow record


Variety needed: A shipping container is unloaded at the Port of Montreal in Quebec. Economists say it would be good for Canada to have a more diversified economy so as to not have its citizens leave. — Reuters

CALGARY: Canadians are shunning their domestic market and investing record amounts abroad, according to National Bank of Canada Financial Markets.

Net purchases of overseas securities by locals soared to C$144.4bil (RM483bil) in the first 11 months of 2021.

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Canada , National Bank , outflow , nvestors ,

   

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