Foreigners buy up Canadian stocks and bonds
The Canadian Press
Posted: Nov 16, 2012 9:06 AM ET
Last Updated: Nov 16, 2012 5:05 PM ET
The agency says foreign investors bought $10.6 billion worth of Canadian debt securities in September, the largest such investment since May. (Adrian Wyld/Canadian Press)
Statistics Canada says foreign investment in Canadian securities grew to $13.9 billion in September as investors bought government bonds and corporate equities.
Meanwhile, Canadian investment in foreign securities reached a six-month high of $6 billion, led by purchases of U.S. equities.
The agency says foreign investors bought $10.6 billion worth of Canadian debt securities in September, the largest such investment since May.
Foreign investors have acquired $55.8 billion of Canadian debt securities so far in 2012, on par with the level of investment observed for the same period in 2011.
The investment focus, however, shifted to federal bonds in 2012 from federal Treasury bills in 2011.
Canadian investors purchased $4.5 billion of foreign equities in September, the largest such investment since March.
Purchases of U.S. shares strengthened for a third month, to $3.6 billion, led by demand from Canadian pension funds.
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