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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between Canada and Italy, each channel at its own period. Left, Canada to Italy; right, Italy to Canada.

Finance to trade

positions ÷ goods, both directions
Finance to trade2.9×positions ÷ goods, both directions
Financial positions, both directions30.6USD bn
Goods, both directions10.4USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceCanada → ItalyItaly → Canadaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 3.1 / 10.401020Bank claims · quarterly · USD bnQ2 2026 · 0.0 / 0.3001Portfolio holdings · half-yearly · USD bnDec 2025 · 13.8 / 10.101020Direct investment · annual · USD bn2024 · 2.1 / 4.3035Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 2.9×0.0×2.5×5.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods Canada → Italy

Aug 2025–Jul 2026

exports of Canada to Italy, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Italy → Canada

Aug 2025–Jul 2026

exports of Italy to Canada, 12 months

Exports, 12 months10.4USD bnreported
1.38importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Canada → Italy

Q2 2026

loans and deposits of banks in Canada on residents of Italy

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Italy → Canada

Q2 2026

loans and deposits of banks in Italy on residents of Canada

Position0.3USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Canada → Italy

Q4 2025

securities issued in Italy held by investors in Canada

Total13.8USD bn
Equity10.9USD bn
Debt securities2.9USD bn
Sources

Holder to issuer, Q4 2025.

Italy → Canada

Q4 2025

securities issued in Canada held by investors in Italy

Total10.1USD bn
Equity3.7USD bn
Debt securities6.4USD bn
Sources

Holder to issuer, Q4 2025.

Canada → Italy

2024

position of investors in Canada in Italy

Position2.1USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Italy → Canada

2024

position of investors in Italy in Canada

Position4.3USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.