Foreign investors cut back buying Canadian bonds
Foreign buying of federal government enterprise bonds is down 60% from last year, NBF says
- By: James Langton
- December 17, 2018 October 31, 2019
- 14:00
Foreign buying of federal government enterprise bonds is down 60% from last year, NBF says
Higher debt and slow revenue growth will result in a faster than previously forecast increase of Ontario’s debt burden
Concerns about slowing Chinese economy weigh on stocks
An increase in pension contributions and strong foreign equity markets drove pension wealth growth
Canadians owed nearly $1.78 in credit market debt for every dollar of household disposable income
The trend to fatter margins is expected to continue as interest rates climb
U.S. markets finished mixed
Toronto index gains 115 points
The global economy also faces headwinds
Rising interest rates, will constrain consumer spending and dampen economic growth and slightly weaken the performance of some collateral
Rising interest rates and slower income and population growth led fewer Canadians to open new mortgages
Cyber security and geopolitical risk continue to dominate as the top risks to the financial services industry
Mixed geopolitical trade messages clouded a rise in oil prices
IIAC says market is affected by several factors, including prolonged low interest rates and global regulatory reforms
The value of debt securities issued by Canadian corporations and governments was $4.2 trillion at the end of Q3 2018
TSX drops 67 points; New York markets post modest gains
Cancelling cap-and-trade program and reversing several tax increases, combined with a weaker economic forecast, contributed to the change
Strong recurring profit will remain a key credit strength: Moody’s
Dow plunges more than 550 points
Unemployment rate down to new 40-year low of 5.6%
TSX tumbles 1.6%
Interest-rate hikes will still be needed over time
Companies shift to service-centered relationships that are portfolio and fee-based
Oil prices weighed on exports
Trade tensions and a “no-deal” Brexit pose the greatest sources of uncertainty and risk