Foreign securities purchases in Canada fell to CAD 25.92 billion from the previous CAD 26.66 billion, marking a decrease of CAD 0.74 billion. This represents a drop of approximately 2.78%, indicating a slight reduction in foreign investment activity.
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The actual figure of CAD 25.92 billion significantly exceeded analyst estimates of CAD 11.61 billion. This unexpected strength in foreign securities purchases is likely to boost investor sentiment, particularly benefiting sectors with high foreign investment exposure, such as technology and financials. The market impact is expected to be short-term, driven by positive sentiment rather than long-term policy shifts.
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