A Canadian citizen buys a newly issued share of stock in England, paying for his order...

A Canadian citizen buys a newly issued share of stock in England, paying for his order with a check, which the British company deposits in its own Canadian bank account in Toronto. Explain shortly how this transaction is accounted for in the balance of payments

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Answer : If A Canadian Citizen buys a newly issued share of stock in England, paying for his order with a check, which the British company deposits in its own Canadian bank account in Toronto this will be a accounted for in the balance of payments as Financial Account , Canadian Asset Export as this results in export of Canadian Asset.

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