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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade10×positions ÷ goods, both directions
Financial positions, both directions6,675USD bn
Goods, both directions661USD 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.

SinceUnited States → CanadaCanada → United Statesother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 265 / 3960250500Bank claims · quarterly · USD bnQ2 2026 · 452 / 76105001,000Portfolio holdings · half-yearly · USD bnDec 2025 · 1,879 / 2,37401,2502,500Direct investment · annual · USD bn2024 · 476 / 73305001,000Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 10×0.0×10×20×20062008201020122014201620182020202220242026
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 United States → Canada

Aug 2025–Jul 2026

exports of United States to Canada, 12 months

Exports, 12 months265USD bnreported
0.79importer’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.

Goods Canada → United States

Aug 2025–Jul 2026

exports of Canada to United States, 12 months

Exports, 12 months396USD bnreported
0.98importer’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.

United States → Canada

Q2 2026

loans and deposits of banks in United States on residents of Canada

Position452USD bn
Flow in the quarter+20.2USD bnas published by the BIS
Sources

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

Canada → United States

Q2 2026

loans and deposits of banks in Canada on residents of United States

Position761USD bn
Flow in the quarter+21.2USD bnas published by the BIS
Sources

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

United States → Canada

Q4 2025

securities issued in Canada held by investors in United States

Total1,879USD bn
Equity1,269USD bn
Debt securities611USD bn
Sources

Holder to issuer, Q4 2025.

Canada → United States

Q4 2025

securities issued in United States held by investors in Canada

Total2,374USD bn
Equity1,891USD bn
Debt securities483USD bn
Sources

Holder to issuer, Q4 2025.

United States → Canada

2024

position of investors in United States in Canada

Position476USD bn
Reportthe host’s
Sources

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

Canada → United States

2024

position of investors in Canada in United States

Position733USD bn
Reportthe host’s
Sources

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