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Canadian foreign securities purchases increase more-than-expected

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Investing.com -

Investing.com - Foreign investors' acquisitions of Canadian securities increased more-than-expected in April, official data showed on Monday.

In a report, Statistics Canada said that foreign investment increased by a seasonally adjusted C$10.13 billion in April, above expectations for purchases of C$4.27 billion.

Foreign investors sold C$1.41 billion worth of Canadian securities in March.

At the same time, Canadian investment in foreign securities slowed to C$2.5 billion.

Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD rising 0.15% to trade at 1.0873.

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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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