Foreign Sales of Canada Federal Bonds Hit Record C$9.42 Billion

Global investors cut their holdings of Canadian federal government bonds by a record in June, Statistics Canada said today.

The net divestment of C$9.42 billion ($8.66 billion) came from both sales and bonds reaching maturity, the agency said from Ottawa today.

Some investors who sought refuge in top-quality Canadian government debt after the 2008 the financial crisis have been moving their money out as a global recovery takes hold. Today’s report also showed non-Canadians reduced holdings of other government bonds, such as provincial debt, by C$2.47 billion.

Foreign investors boosted their net holdings of other Canadian securities, including C$8.04 billion of corporate bonds, C$2.55 billion of stocks and C$224 million of money-market paper, according to the report.

Total holdings of Canadian securities by non-resident investors fell by C$1.07 billion in June.

Canadians bought C$1.96 billion of foreign securities, the ninth consecutive increase, led by C$2.05 billion of stocks.

To contact the reporter on this story: Greg Quinn in Ottawa at

To contact the editor responsible for this story: Paul Badertscher at; Chris Fournier

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.