Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Canadian Investment in Foreign Securities climbed to 4.4B in March 2013
FMPMonthlyReleased April 2013
Canada Canadian Investment in Foreign Securities climbed to 4.4B in March 2013, released April 2013, up 5.58B from February's -1.18B reading.
Latest Release
4.400000
Actual
—
Consensus
-1.180000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Canadian Investment in Foreign Securities (Canada) was reported at 4.40 billion in April 2013. The reading rose from the previous value of -1.18 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
SHARE
Canadian Investment in Foreign Securities - CA
Loading chart data...
About Canadian Investment in Foreign Securities — Canada
DEFINITION
"Canadian Investment in Foreign Securities is a key financial indicator that measures the amount of capital invested by Canadian individuals and institutions in securities outside of the country. This indicator provides valuable insights into the level of international diversification in the Canadian investment landscape and can impact the overall performance of the economy."
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 4.4 B.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.