Foreign investors buy record amounts of Canadian government debt, lowering Carney’s borrowing costs
Foreign investors purchased a record $27.7 billion in Government of Canada bonds in April, pushing their share of outstanding federal debt to an all-time high of 43%. This has helped to keep borrowing costs low as the federal government prepares to finance more than $280 billion in planned spending over the next five years. “Strong foreign appetite for Canadian government debt represents a vote of confidence in the stability of the country’s political institutions and its overall economic trajectory,” said Karl Schamotta, chief market strategist at Corpay.
