off-the-wire

Canadians bought record amount of US shares in February

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canadians bought record amount of US shares in February teaser image

OTTAWA, April 17 (Reuters) - Although tensions between Canada and the United States are high, Canadians bought a record amount of American shares in February, as U.S. stock markets hit an all-time high, official data indicated on Thursday.

Statistics Canada said Canadians snapped up C$29.8 billion in U.S. shares, focused on large capitalization technology and financial firms.

Canadians had sold C$15.6 billion in January.

The previous record high for Canadian investment in U.S. shares was C$23.7 billion in December 2023.

U.S. share prices reached an all-time high in mid-February before retreating by the end of the month.

Trump took power in late January and almost immediately threatened to slap tariffs on Canadian imports and mused about annexing the country and turning it into the 51st state.

Reporting by David Ljunggren; Editing by Andrea Ricci

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.