Money Flooding Out of Canada at Fastest Pace in Developed World

Updated on
  • Mutual-fund savers and M&A flows have joined the exodus
  • Nation's basic balance swings to deficit, BofA data show
Photographer: Scott Eells/Bloomberg

Money is flooding out of Canada at the fastest pace in the developed world as the nation’s decade-long oil boom comes to an end and little else looks ready to take the industry’s place as an economic driver.

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