The Canadian Press
Non-residents invested further in Canadian securities in August, adding $5.1 billion to their portfolios.
Statistics Canada reports foreign investment was spread among all asset classes, except government short-term debt securities.
Meanwhile, Canadian investors adjusted their portfolios of foreign securities, moving from foreign debt to foreign stocks for a net reduction of $112 million.
The trend of foreign acquisitions of Canadian bonds in 2009 carried into August, with non-residents acquiring an additional $4.5 billion worth — most of it in federal government and its enterprises’ bonds.
Canadians continued to reduce their holdings of foreign bonds in August, selling $2.7 billion worth — nearly all of it in U.S. government bonds.
Non residents buy $5.1 billion in Canadian securities in August
Canadians continue to reduce their holdings of foreign bonds
- By: The Canadian Press
- October 19, 2009 October 19, 2009
- 07:52
The Canadian Press