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Foreign investors buy fewer Canadian securities in Feb


Reuters


OTTAWA, April 17 (Reuters) - Foreign investment in Canadian securities slowed in February as investors increased their holdings of corporate securities but sold federal government bonds, data from Statistics Canada showed on Tuesday.

Non-residents bought a net C$3.96 billion ($3.15 billion) in Canadian securities in the month, down from C$5.63 billion in January.

Investors sold Canadian bonds for the third month in a row for a net decrease of C$897 million as a divestment of government bonds was tempered by purchases of corporate bonds.

Investors bought C$2.87 billion in Canadian equities, the largest purchase in five months as foreigners scooped up shares in the finance and insurance sector.

Canadian investment in foreign securities also slowed to a net C$6.35 billion after two months of strong investment. Purchases of foreign stocks cooled to C$4.7 billion, while bond purchases moderated to C$1.58 billion.

($1=$1.2563 Canadian)

Graphic - Canada economic snapshot




This article appears in: World Markets , US Markets , Stocks


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