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Article Description: ] by Ari Altstedter @bloomberg.com - Money Flooding Out of Canada at Fastest Pace in Developed World -

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Content: use HTML Edit Content <h1 style="text-align: center;">exodu$</h1> <h2>[WHAT]</h2> <ol> <li>] by Ari Altstedter @bloomberg.com - Money Flooding Out of Canada at Fastest Pace in Developed World -&nbsp;</li> </ol> <h2>[WHY]</h2> <ol> <li>] oil</li> </ol> <h2>[WHERE]</h2> <ol> <li><strong>] READ THE FULL ARTICLE</strong></li> <ol> <li>] <a href="http://bloomberg.com/news/articles/2015-11-02/money-flooding-out-of-canada-at-fastest-pace-in-developed-world" target="_blank">http://bloomberg.com/news/articles/2015-11-02/money-flooding-out-of-canada-at-fastest-pace-in-developed-world</a></li> </ol></ol> <h2>[WHEN]</h2> <ol> <li>] 2015-11-02</li> </ol> <h2>[EXAMPLE auto summary by smmry.com]</h2> <p>More recent data on where companies and mutual-fund investors are putting their money show the trend extended into the second half of the year, suggesting demand for the Canadian dollar and the country's assets is still ebbing.</p> <p>"The policy in Canada the last 10 years has greatly favored investments in energy. Now the drop in oil prices made all that investment unprofitable."</p> <p>Nine of the 10 best-performing companies on the country's benchmark stock index in the past two years have favored buying growth abroad rather than expanding at home, from Valeant Pharmaceuticals International Inc.</p> <p>While international appetite for Canadian financial securities has held steady this year, domestic mutual-fund investors have pulled money from Canada-focused funds and plowed it into global choices for six straight months, the longest streak in two years, according to Investment Funds Institute of Canada data compiled by Bank of Montreal.</p> <p>The median forecast among strategists surveyed by Bloomberg has the loonie weakening to C$1.34 per U.S. dollar by the first three months of next year from about C$1.31 now.</p> <p>The country's economy is expected to lag behind the U.S., its largest trading partner, for the next two years, according to the median estimate of a separate Bloomberg poll.</p> <p>"Maybe a year from now you don't have that conversation because it's been there for a year and you have confidence it's going to stay there, so you buy that plant or make a new plant in Canada," he said.</p> <h2>[HOW-TO]</h2> <ol> <li>]</li> </ol> <h2>[REFERENCE]</h2> <ol> <li>] SRC = hn - <a href="https://news.ycombinator.com/item?id=10498040" target="_blank">comments</a></li> <li>] SRC = /r/world new - <a href="https://www.reddit.com/r/worldnews/comments/3rcyoi/money_flooding_out_of_canada_at_fastest_pace_in/" target="_blank">comments</a> ( 1/9) <a href="https://np.reddit.com/r/canada/comments/3r7knv/money_is_flooding_out_of_canada_at_the_fastest/" target="_blank">/r/canada</a>&nbsp;&nbsp;</li> <li>] SRC -&nbsp;<a href="https://np.reddit.com/r/autotldr/comments/3rd77d/money_flooding_out_of_canada_at_fastest_pace_in/" target="_blank">auto tldr</a></li> <li>]&nbsp;http://www.nrcan.gc.ca/publications/key-facts/16013 - energy sector contributes 10% to nominal gdp in 2014( &nbsp;#2), plus is a big contributor to construction sector which is # 1 gdp contributor, resource sector as a whole is 20%&nbsp;</li> <li>]&nbsp;http://www.cepa.com/about-pipelines/economic-benefits-of-pipelines/the-energy-sectors-contribution</li> </ol> <h1 style="text-align: center;">&nbsp;</h1>