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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Foreign portfolio investment in Canadian securities climbed to 13.34B in March 2013
FMPMonthlyReleased March 2013
Canada Foreign portfolio investment in Canadian securities climbed to 13.34B in March 2013, up 15.26B from February's -1.92B reading. The print exceeded the 7.85B consensus by 5.49B.
Latest Release
13.34
Actual
7.85
Consensus
-1.92
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
Foreign portfolio investment in Canadian securities (Canada) was reported at 13.34 billion in March 2013. This beat the market consensus of 7.85 billion by 5.49 billion. The reading rose from the previous value of -1.92 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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Foreign portfolio investment in Canadian securities - CA
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About Foreign portfolio investment in Canadian securities — Canada
DEFINITION
Foreign portfolio investment in Canadian securities refers to the amount of money that foreign investors have put into various Canadian financial assets, such as stocks, bonds, and other securities. This indicator is used to measure the level of international interest and confidence in the Canadian economy and financial markets. It can also provide insights into the flow of capital into and out of the country, and can impact the value of the Canadian dollar. Overall, foreign portfolio investment in Canadian securities is an important measure of the country's economic stability and attractiveness to global investors.
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 13.34 B, consensus 7.85 B.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.