Canada on track to become a top-three holder of U.S. government debt, surpassing China

Canada has quietly become one of America’s biggest creditors, with the country on track to surpass China as a top-three holder of U.S. government debt before 2028. Roughly US$426-billion worth of U.S. treasury securities are currently held in Canadian accounts, up more than 300 per cent from US$106-billion in 2021. Bond market experts say part of that increase is simply the result of Canadian investors snapping up more treasuries as the interest rates, or yield, they offer has grown. But the data includes all treasuries held in Canada-domiciled accounts, regardless of who owns them. That means Canadian holdings of U.S….