Foreigners Buy C$13.3 Billion of Canada Securities Led by Bonds
Foreigners bought a net C$13.3 billion ($13.4 billion) of Canadian securities in October, led by purchases of bonds, the federal statistics agency said.
Purchases fell from a revised C$14.1 billion in September, Statistics Canada said today in Ottawa. It was the fourth straight month of net investment, the agency said.
Non-residents bought C$8.15 billion of government bonds and C$8.93 of private corporate debt -- the largest investment in more than 10 years -- while divesting of C$2.97 billion of money-market paper, the report said. Foreigners purchased a net C$745 million of the country’s stocks, led by shares of oil and gas companies.
For the year to date, net securities purchases of C$76.2 billion exceeded last year’s comparable total of C$74.2 billion, Statistics Canada said. Bond purchases of C$67.9 billion were almost double the previous year’s total.
Canadians bought a net C$3.19 billion of foreign securities in October, led by acquisitions of bonds, following a purchase of C$6.03 billion in September.
To contact the reporter on this story: Andrew Mayeda in Ottawa at email@example.com