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Thursday, March 27, 2014

Blame Harper, the incompetent economic manager!


“The stark reality is that Canada is simply no longer seen as special by global investors,” says Mr. Porter, citing capital flow data showing that net portfolio investment is negative for the first time since 2008. In other words, non-residents’ investment in Canada is smaller than Canadian investments abroad, which is a far cry from the $100 billion net inflow seen a few years ago.

“In this brave new world,” Mr. Porter says, “the loonie is more at risk of softening further in Q2 than making a quick comeback.”

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