Canada July net foreign securities purchases C$20.653B vs C$40.83B prior

The halving of net foreign purchases from the prior month points to cooling appetite for Canadian securities, though the flow remains positive rather than reversing into outright selling. The composition of that demand is the more telling detail: whether the slowdown reflects weaker interest in Canadian debt, equities, or both would say more about the drivers than the headline total. For now, the open question is whether this is a one-month pause or the start of a softer trend in cross-border demand for Canadian assets.