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How's the removal of foreign content cap doing?
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Well this past month Stats can released figures (for Canada) in wake of the recent changes to foreign content holdings. There is no 30% limit therefore what do the numbers say?
Firstly, about 3.9billion of domestic securities were acquired by non-residents. This, however, was outpaced by 4.7 billion in acquisitions (with lots of room to grow since Canadians are generally keeping their money in the country) of foreign assets.
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Barry
Mr. Do It All
Jun 20, 2006, 8:42 PM
Post #1 of 1
(964 views)
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