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Canadian foreign securities purchases decline unexpectedly

Shutterstock photo

Shutterstock photo

Forexpros - Foreign investors' acquisitions of Canadian securities declined unexpectedly in June, as acquisitions of foreign stocks were partially offset by sales of foreign debt securities, official data showed on Monday.

In a report, Statistics Canada said that foreign investment fell to a seasonally adjusted CAD3.46 billion in June, confounding expectations for acquisitions of CAD10.33 billion.

The previous month's figure was revised down to CAD15.34 billion from CAD15.40 billion.

Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.36% to hit 0.9788.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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