Foreigners Return to Canadian Bonds in July After Record Sale

Foreigners bought Canadian securities in July, returning to bonds after a record divestment the previous month, government figures showed.

Purchases totaled C$6.09 billion ($5.91 billion) in July following June’s net sale of C$15.4 billion, Statistics Canada said today in Ottawa.

Foreign investors bought a net C$3.64 billion of bonds after the June sale of C$19.1 billion. They also bought C$1.52 billion of stocks and C$927 million of money-market paper.

Total purchases so far this year have slowed to C$21.9 billion from C$42.7 billion for the same period in 2012, led by a slowing of bond purchases.

Canadians bought a net C$947 million of foreign securities in July, including a C$1.61 billion acquisition of bonds and sales of C$730 million of stocks.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

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