Canadians Now Make More on Global Holdings Than They Send Abroad

For the first time on record, Canadians received more investment income from abroad than they paid out to foreigners.

Income derived from the ownership of foreign assets, such as dividends and interest, surpassed payments Canadians made to the rest of world by C$10 billion ($7.9 billion) in 2020. It marks the first year the country hasn’t run an investment-income deficit in records dating back to 1900.