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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Canadian portfolio investment in foreign securities fell to -1.18B in February 2013
FMPMonthlyReleased March 2013
Canada Canadian portfolio investment in foreign securities fell to -1.18B in February 2013, released March 2013, down 6.65B from January's 5.47B reading.
Latest Release
-1.180000
Actual
—
Consensus
5.470000
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 portfolio investment in foreign securities (Canada) was reported at -1.18 billion in March 2013. The reading fell from the previous value of 5.47 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 March 2013.
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Canadian portfolio investment in foreign securities - CA
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About Canadian portfolio investment in foreign securities — Canada
DEFINITION
"Canadian portfolio investment in foreign securities refers to the amount of capital that Canadian investors allocate towards purchasing stocks, bonds, and other financial assets in foreign markets. This indicator provides insight into the level of diversification and risk-taking behavior of Canadian investors, as well as the impact of global market trends on the Canadian 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 (Mar 2013): actual -1.18 B.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.