00000cam 2200000zi 4500 9.966917 CaOODSP 20261019134320 m o d f cr |n||||||||| 261019e20261016oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-8/2026-54E-PDF Feunou, Bruno, author. Canada’s cross-border carry trade / Bruno Feunou, Rishi Vala, Andreas Uthmeann, Jean-Sébastien Fontaine. [Ottawa] : Bank of Canada = Banque du Canada, October 16, 2026. ©2026 1 online resource (ii, 15 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical paper = Document analytique du personnel, 3110-9195 ; 2026-54 Cover title. Includes bibliographical references (page 12). "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. Balance of trade Canada. Balance commerciale Canada. Canada Commercial policy. Canada Politique commerciale. Bank of Canada, issuing body. Staff analytical paper (Bank of Canada) 3110-9195 ; 2026-54. (CaOODSP)9.958938 PDF 1.08 MB https://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-8-2026-54-eng.pdf