00000nam 2200000za 4500 9.846365 CaOODSP 20250821075101 cr ||||||||||| 171031s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2017-14E-PDF Leboeuf, Maxime. Can the Canadian international investment position stabilize a slowing economy? [electronic resource] / Maxime LeBoeuf and Chen Fan. [Ottawa] : Bank of Canada, c2017. iii, 7 p. : col. charts Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-14 Cover title. Includes bibliographical references (p. 5). "In this note, we find that valuation effects can act as an important stabilizer, strengthening Canada’s net external wealth when its economic outlook worsens relative to that of other countries. This is particularly true when the Canadian dollar depreciates against the US dollar and the Canadian outlook worsens compared with that of the United States. Such was the case during the 2014–15 oil price shock, where valuation effects boosted Canada’s net international investment position (NIIP) by 30 per cent of GDP"--Abstract, p. iii. Includes abstract in French. gccst Capital markets gccst Foreign investments gccst Economic impact. Fan, Chen. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2017-14 (CaOODSP)9.807323 PDF 934 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-14-eng.pdf