{"id":78688,"date":"2026-09-21T12:04:35","date_gmt":"2026-09-21T12:04:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/09\/21\/posthaste-canada-is-killing-it-attracting-this-foreign-investment-even-without-carneys-summit\/"},"modified":"2026-09-21T12:04:35","modified_gmt":"2026-09-21T12:04:35","slug":"posthaste-canada-is-killing-it-attracting-this-foreign-investment-even-without-carneys-summit","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/09\/21\/posthaste-canada-is-killing-it-attracting-this-foreign-investment-even-without-carneys-summit\/","title":{"rendered":"Posthaste: Canada is killing it attracting this foreign investment \u2014 even without Carney's summit"},"content":{"rendered":"

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Global financial heavyweights came to Toronto last week to \u201cpeer into our shop window\u201d during this country\u2019s first investing summit. The government\u2019s goal is to attract $1 trillion in investment in Canada over the next five years. <\/p>\n

Yet behind the scenes, data shows that billions of dollars of foreign money has already been flowing into the country \u2014 and at a record pace. <\/p>\n

According to the latest numbers on international securities transactions, foreign portfolio investors are more than willing to invest in Canada, say National Bank of Canada\u2019s Taylor Schleich and Warren Lovely. <\/p>\n

By July of this year non-residents had accumulated a record $179 billion in Canadian securities. <\/p>\n

This wasn\u2019t the case a year ago when foreigners stopped buying, at least in part because of the cloud trade uncertainty cast over the country. <\/p>\n

Now they are piling in, and with Canadians once again being net buyers of foreign portfolio securities, the result has been a \u201cmassive swing in net portfolio flows,\u201d said the strategists. <\/p>\n

Last year $72 billion flowed out of Canada in the first seven months of 2025; this year $124 billion flowed in \u2014 \u201ca nearly $200 billion turnaround.\u201d <\/p>\n

What foreigners are most interested in are our bonds, and the $210 billion accumulated by July of this year is more than any full-year tally on record, they said. <\/p>\n

Government of Canada bonds are especially popular, with foreigners buying over $100 billion, almost twice the increase in the federal bond stock. <\/p>\n

That has pushed the foreign-held share of the GoC bond market above 46 per cent, a new record high. <\/p>\n

While this Canadian bond bonanza does not directly spur capital spending or jobs, it does \u201crepresent a nod of confidence in Canada,\u201d said BMO Capital Markets chief economist Douglas Porter. <\/p>\n

It also helps to keep government borrowing costs down, he said, pointing out that yields on 10- and 30-year GoC bonds are running about 100 basis points lower than their U.S. Treasury counterparts. <\/p>\n

Foreign investors bought $20.7 billion of stocks and bonds in July alone, bringing the 12-month total to an \u201castonishing\u201d $295.5 billion or 8.7 per cent of this year\u2019s gross domestic product , he said. <\/p>\n

Reliance on non-residents in the bond market does have its risks, but indirectly these foreign buyers are supporting the government\u2019s \u201cambitious\u201d spending plans, said Schleich and Lovely. <\/p>\n

\u201cAnd after [last] week\u2019s investment summit, hopefully Canada\u2019s story is compelling enough to draw some direct investment too,\u201d they said. <\/p>\n

Meanwhile, Canadians have also been busy buying bonds outside their country. Over the past 15 years, Canada has quietly become the fifth-largest holder of U.S. Treasuries, said Porter. <\/p>\n

If current trends hold, within 18 months it could pass Belgium and China to become the third largest holder, leaving only Japan and the United Kingdom higher. <\/p>\n

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Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em> <\/p>\n

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The U.S. Federal Reserve hasn\u2019t been this terse since 2007. <\/p>\n

At 130 words, this past week\u2019s Federal Open Market Committee statement explaining its decision to lift interest rates by a quarter point was the shortest since Ben Bernanke had the helm at the beginning of the financial crisis, say Bank of America strategists. <\/p>\n

Current Federal Reserve chair Kevin Warsh, who made it clear in his confirmation hearing that he thought the Fed talked too much, has made a deliberate effort to limit official statements and forward guidance in order to get stronger signals from financial market participants. <\/p>\n

His first statement in June was 132 words, down from the 345 words from his predecessor Jerome Powell in April. <\/p>\n

The strategists are OK with this, \u201csaying return of credibility and end of \u201coversharing\u201d are long-term bullish for market resilience, but require higher bond risk premiums.\u201d <\/p>\n

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      Variable rates are having a moment. Discounts have improved noticeably in recent weeks. And wouldn\u2019t you know it, that always seems to happen right as markets start pricing in near-term Bank of Canada hikes, says MortgageLogic.news strategist Robert McLister. <\/p>\n

      Despite the talk of rate increases, roughly half of borrowers are still choosing variable rates. McLister fills us in on where rates are now and where they may be going. Read more <\/p>\n

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      <\/span>\"\" Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on one of the country\u2019s most important sectors. Sign up here. <\/p>\n

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      Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at <\/span>wealth@postmedia.com<\/span> with your contact info and the gist of your problem and we\u2019ll find some experts to help you out while writing a Family Finance story about it (we\u2019ll keep your name out of it, of course).<\/span><\/div>\n
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      McLister on mortgages<\/h2>\n

      Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily. <\/p>\n

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      Financial Post on YouTube<\/h2>\n

      Visit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more. <\/p>\n

      \n

      Today\u2019s Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff and Bloomberg.<\/em> <\/p>\n

      Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com . <\/p>\n

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        Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here<\/em> <\/p>\n

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        Posthaste: Canada is killing it attracting this foreign investment \u2014 even without Carney's summit<\/a>
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        2026-09-21 12:04:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

        Global financial heavyweights came to Toronto last week to \u201cpeer into our shop window\u201d during this country\u2019s first investing summit. The government\u2019s goal is to attract $1 trillion in investment…<\/p>\n","protected":false},"author":2,"featured_media":78689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-78688","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=78688"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/78688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/78689"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=78688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=78688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=78688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}