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Canada’s cross-border carry trade / Bruno Feunou, Rishi Vala, Andreas Uthmeann, Jean-Sébastien Fontaine.: FB3-8/2026-54E-PDF

"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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.966917&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleCanada’s cross-border carry trade / Bruno Feunou, Rishi Vala, Andreas Uthmeann, Jean-Sébastien Fontaine.
Series title
  • Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-54
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • Cover title.
  • Includes bibliographical references (page 12).
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, October 16, 2026.
  • ©2026
Author / Contributor
  • Feunou, Bruno, author.
Description1 online resource (ii, 15 pages) : charts.
Catalogue number
  • FB3-8/2026-54E-PDF
Subject terms
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