Foreign net purchases of Canadian securities almost doubled in September from the month before on government bond sales, the federal statistics agency said.
Purchases totaled C$13.9 billion ($13.9 billion) in September and the estimated August purchase was increased to C$7.56 billion from an initial C$6.90 billion, Statistics Canada said today in Ottawa.
Total purchases included C$8.94 billion of government bonds and C$1.52 billion of money-market paper, the report said. Non-Canadians purchased a net C$3.29 billion of the country’s stocks, led by shares of financial companies.
Year-to-date securities purchases of C$62.7 billion trailed last year’s comparable total of C$70.1 billion, Statistics Canada said.
Canadians bought a net C$6.03 billion of foreign securities in September, following a sale of C$1.68 billion in August, led by C$4.45 billion of stocks and C$1.58 billion of debt. The September purchases included C$1.73 billion of Maple bonds, Canadian-dollar debt issued by foreign organizations, the most since October 2007.