000	00000cam 2200000zi 4500
001	9.966917
003	CaOODSP
005	20261019134320
006	m     o  d f
007	cr |n|||||||||
008	261019e20261016oncd    ob   f|0| 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
043	|an-cn---
086	1 |aFB3-8/2026-54E-PDF
100	1 |aFeunou, Bruno, |eauthor.
245	10|aCanada’s cross-border carry trade / |cBruno Feunou, Rishi Vala, Andreas Uthmeann, Jean-Sébastien Fontaine.
264	1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cOctober 16, 2026.
264	4|c©2026
300	|a1 online resource (ii, 15 pages) : |bcharts.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff analytical paper = |aDocument analytique du personnel, |x3110-9195 ; |v2026-54
500	|aCover title.
504	|aIncludes bibliographical references (page 12).
520	|a"Cross-border trade is closely linked to the difference between Canada’s national savings and investment. Suppose Canada initially has no financial claims on or liabilities to the rest of the world. If Canada then imports more from the world than it exports, the difference is financed by foreigners accumulating financial claims on Canada. As this process continues, rising foreign claims commit more of Canadians’ future income to foreigners. Together, cross-border trade and finance allow Canada to shift spending across time, financing spending today by issuing claims on future income"--Introduction, page 1.
650	0|aBalance of trade|zCanada.
650	6|aBalance commerciale|zCanada.
651	0|aCanada|xCommercial policy.
651	6|aCanada|xPolitique commerciale.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff analytical paper (Bank of Canada)|x3110-9195 ; |v2026-54.|w(CaOODSP)9.958938
856	40|qPDF|s1.08 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-54-eng.pdf