Foreign Buying of Canada Securities Slows to $2.07 Bln
Purchases of Canadian securities by foreigners slowed to a net C$2.07 billion ($2.01 billion) in August as investors sold stocks and government bonds.
Foreign investors bought a revised C$6.11 billion the previous month, Statistics Canada said today in Ottawa.
While foreigners bought a net C$2.03 billion of bonds, they sold C$1.22 billion in government debt, including C$883 million in federal issues. Foreign investors sold a net C$2.4 billion of Canadian government bonds between January and August, Statistics Canada said, compared with net purchases of C$28.7 billion in the same period a year earlier.
Foreign investors sold a net C$2.19 billion of stocks and purchased C$2.24 billion of money-market paper, Statistics Canada said.
Total purchases so far this year have slowed to C$24.0 billion, less than half of the C$51.2 billion total for the same period in 2012.
Canadians bought a net C$5.65 billion of foreign securities in August, including C$3.44 billion in stocks that was the largest investment in almost a year, according to Statistics Canada.
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