Foreigners Bought C$12.9 Billion of Canada Securities in AprilGreg Quinn
Foreigners made their fourth straight purchase of Canadian securities in April, led by federal government bonds.
Purchases totaled C$12.9 billion ($10.5 billion) following March’s revised C$22.6 billion gain, Statistics Canada said Tuesday in Ottawa. The April purchase brings the year-to-date total to C$50.1 billion, almost triple the C$18.5 billion in the same period in 2014.
The total included C$6.8 billion of bonds from the federal government, and another C$3 billion of its money-market paper, the largest such purchase since December 2012. International investors also purchased a net C$3.7 billion of Canadian stocks.
Federal government bonds have been the biggest contributor to the year-to-date total, swinging to a C$22.9 billion purchase, compared with an C$8.9 billion net divestment in the first four months of last year.
Today’s report also showed that Canadians bought C$6.6 billion of foreign securities in April, led by a C$4.7 billion investment in stocks.
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