Foreign Investment Into Canada Steadied Ahead of Trump Election

📆 11/28/2024 2:18 PM
📰 BNNBloomberg

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Foreign direct investment into Canada remained steady in the third quarter, an encouraging sign that businesses continued to park capital in the northern nation even as uncertainty mounted ahead of the US election.

Market strategist Jim Thorne explains why he believes Trump's second term will be vastly economically different than his first.

FDI totaled C$27.1 billion in the three months between July and September, Statistics Canada reported Thursday from Ottawa, driven by merger and acquisition activity and investment into the manufacturing sector. The report may be read as a hopeful signal for investment flows into Canada, but Donald Trump’s election is now adding to uncertainty. The president-elect has threatened 25% tariffs on the northern nation and pledged lower taxes in the US, raising grave questions about Canada as a destination for capital.

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