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.