Canadian investors ditched U.S. stocks at a record pace in July — SkimNews
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- Canadian investors sold a record $31-billion of U.S. stocks and equity funds in July, the largest monthly net exodus from American markets ever, surpassing the pandemic-driven pullback of March 2020.
- The divestment reversed a strong first half, when Canadians had snapped up a combined $78.1-billion of U.S. equities during the first six months of 2025.
- Canada was a stark outlier among global investors — U.S. Treasury data shows Canadian net purchases of U.S. equities plunged US$59.6-billion in July, the steepest decline in nearly three years, while the rest of the world was a net buyer of US$62-billion.
- July's selling was concentrated in large-cap tech stocks; the Nasdaq Composite fell 2.6% that month, though the source notes the tech-heavy benchmark posted worse monthly returns three times earlier in 2025.
- The capital shift likely reflects rallies in Canadian energy and banking stocks in July rather than a patriotic backlash against new U.S. tariffs on Canada, the article argues.
Why it matters: For U.S. equity markets, a $31-billion single-month Canadian withdrawal is small — but the contrast with global flows tells the real story: the rest of the world bought $62 billion of U.S. equities in July while Canada dumped $59.6 billion. Domestic Canadian energy and bank stock rallies, not anti-U.S. sentiment, appear to be the draw.
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