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.
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