As the oil boom comes to an end, “money is flooding out of Canada at the fastest pace in the developed world,” reports Bloomberg.

This is evident, Bloomberg adds, if you look at Canada’s basic balance, which it explains as a measure of national accounts that spans everything from trade to financial-market flows. Between June 2014 and June 2015, that measure “swung from a surplus of 4.2% of gross domestic product to a deficit of 7.9%.” Read more.

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Originally published on Advisor.ca

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