Canada: Foreign investment in Canadian securities rose $3 billion to $11.5 billion in June

"Foreign investment in Canadian securities totalled $11.5 billion in June, up from $3.0 billion in May," Statistics Canada announced today.

Key takeaways

At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January 2018.
As a result, international transactions in securities generated a net inflow of funds of $256 million in the Canadian economy in June, for a total of $7.6 billion in the second quarter.

Aug 17, 2018

Canada: CPI rose 3.0% on a year-over-year basis in July vs. 2.5% expected

"The Consumer Price Index (CPI) rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June," Statistics Canada reported on Friday.

PBoC: Interest rate stabilises from further downward pressure - ING

According to Iris Pang, Economist at ING, the People's Bank of China would like to lower the interest rate to cushion against potential adverse impact