💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

Foreign investment in Canada securities rises on bond purchases

Published 2016-10-17, 08:36 a/m
© Reuters.  Foreign investment in Canada securities rises on bond purchases

(Adds data, background)

OTTAWA, Oct 17 (Reuters) - Foreign investment in Canadian securities in August rose to C$12.74 billion ($9.73 billion) from C$9.10 billion in July, led by acquisition of bonds on the secondary market, Statistics Canada said on Monday.

Statscan revised July's purchases by non-residents from an initial C$5.23 billion to reflect the late arrival of data.

Foreigners bought C$8.97 billion in Canadian bonds, most of them corporate. They also invested C$2.60 billion in stocks and C$1.17 billion in corporate paper.

Foreign purchases of Canadian securities from January to August hit a record C$108.14 billion, much higher than the C$71.66 billion amassed in the first eight months of 2015.

At the same time, Canadians' net investment in foreign securities plunged to C$1.60 billion in August from C$4.59 billion in July, as purchases of foreign stocks were offset by sales of bonds and money market paper.

($1=$1.31 Canadian)

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Graphic - Canada economic dashboard

http://graphics.thomsonreuters.com/15/sc-canada/index.html

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.