Foreigners slowed their purchases of Canadian securities in September, as renewed buying of the country’s stocks was met with a reduction in holdings of money-market paper.
Purchases totaled C$3.35 billion ($2.51 billion) following August’s purchase of C$5.78 billion, Statistics Canada said Monday in Ottawa.
Foreign investors bought C$3.21 billion of stocks following an August divestment of C$2.74 billion.
They also sold C$766 million of money-market paper in September, while purchases of bonds slowed to C$896 million from C$8.27 billion. There was a shift out of government debt, where net sales in the month were C$4.76 billion, and into corporate bonds, which saw net purchases of C$5.65 billion.
Canadians sold C$6.16 billion of foreign securities, led by debt.