Even though there was mounting irritation at US President Donald Trump because of his tariffs and speculation about turning Canada into the “51st state,” Canadian investors continued to quietly buy US government bonds in April, as per a report.
Canada’s Record US Bond Buying in April
According to Fortune, Canadians purchased a net $9.2 billion of US government bonds in April, which was the highest monthly rise since November 2023.
April’s Bond Market Shake-Up Hits Canadian Holdings
However, the latest data from the Treasury revealed that the value of Canada’s overall holdings dropped by about $58 billion that same month, which was the largest swing for any of the top 20 foreign owners of US debt, reported Fortune.
The decline in value came amid April’s massive bond selloff, which might have driven the US president to halt his reciprocal tariffs, according to the report. Fortune wrote in its report that, “Long-term yields, which spike…
