17 January 2012, 17:53  Foreign investors expands their holdings of Canadian securities

Foreign investors expanded their holdings of Canadian securities at the fastest rate in six months in November, official data showed Tuesday. November with non-residents added C$15.0 billion to their holdings, the largest such inflow of funds since May, according to Statistics Canada. C$6.2 billion of Canadian bonds in November were purchased by foreigners, mostly secondary market purchases of Canadian government bonds and acquisitions of new corporate bond issues. Falling stock prices attracted investors to Bay Street. Non-resident acquisitions of Canadian corporate shares increased to C$3.1 billion in November, led by secondary market purchases by U.S. investors. For the year-to-date, foreign investment in Canadian securities was C$88.2 billion compared with C$14.7 billion of Canadian investment in foreign securities. Canadian investors purchased C$2.8 billion of foreign securities in November, evenly split between stocks and bonds.

© 1999-2024 Forex EuroClub
All rights reserved