The six-fold increase in non-residents’ holdings of CGS since late 2007 took non-residents’ ownership of the outstanding stock of CGS to just under 80 per cent in 2010, although this share has declined a little recently (Graph 6). The recent decline is not because of any net selling, but rather because buying has not quite kept pace with recent issuance.
In conclusion, as we are all very well aware, the Canadian economy is feeling the effects of the global turmoil and recession. Authorities have put a lot of fiscal and monetary stimulus in place – in Canada and globally – to support the recovery.