Follow the Money All the Way to Carney's Canada

Summary

Matt Winkler explains that Canada is enjoying one of its greatest periods of overseas investment, with record inflows into stocks and bonds since Mark Carney became Prime Minister. Canadian equities have risen over 40%, outperforming all major markets, while its bond market benefits from falling inflation. Tariff tensions are shifting trade patterns, benefiting specific companies like Cenovus while hurting US wine exports.

• Record foreign investment pouring into Canadian stocks and bonds, $183 billion in the past year.
• Canadian equity market appreciated more than 40% since Mark Carney became PM, outperforming the top 10 global markets.
• Canada's bond market is thriving as inflation trends lower, in contrast to the US and eurozone.
• Cenovus Energy is a standout performer, tariff-exempt on US-bound energy exports, with 50% of revenue from the US.
• Trade tensions have led Canadian provinces to remove American alcohol, severely hurting the California wine industry.
• Canada's shift to German submarines (ThyssenKrupp) signals a deliberate diversification away from US military procurement.
• Mark Carney's global reputation and reasonable policies are attracting worldwide partnership deals for Canada.