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Foreign Investors Reduce Holdings in Canadian Securities… Again | EU Posts Trade Surplus for June

Published August 16, 2019

  • In Canadian economic data this morning, foreign investors reduced their holdings of Canadian securities by $4.0 billion in June, the third divestment in four months. At the same time, Canadian investment in foreign securities increased to $6.6 billion, the largest investment since October 2018.
  • The first estimate for euro area exports of goods to the rest of the world in June 2019 was €189.9 billion, a decrease of 4.7% compared with June 2018. As a result, the euro area recorded a €20.6 billion surplus in trade in goods with the rest of the world for the month of June.
  • The leader of the Liberal Democrats in the UK stated that senior lawmakers from the Conservative Party and opposition have indicated willingness to lead an emergency government to prevent a no-deal divorce with the European Union. This comes as Prime Minister Boris Johnson has indicated that he will force Britain out of the EU on October 31, with or without a negotiated transition.
  • The US Department of Housing and Urban Development published new residential construction statistics for July 2019. Building permits authorized for privately‐owned housing units in July were at a seasonally adjusted annual amount of 1,336,000.