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Canada Jan Canadian portfolio investment in foreign securities: $-1.18B vs $5.47B (Dec)

Forex Flash: Moody’s weighs on Cyprus and Eurozone – UBS

Cypriot banks had their savings threatened by a weekend agreement between the troika and the Cypriot government. The plan, in its current form, seeks to apply a 6.75% 'tax' on deposits below €100k. The tax rate rises to 9.9% for deposits above €100k. Although Cyprus is the fifth Eurozone country to request external financial assistance, this is the first time that depositors have been called on to contribute to the rescue effort.
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Canada Foreign portfolio investment in Canadian securities improves to $13.34B in Jan from $-1.92B in Dec

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