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- Non residents buy 5.1B in Canadian securities in August
Non residents buy 5.1B in Canadian securities in August
- By ILS corp
- Published 10/27/2009
- ILSTV Stories
- Unrated
Non-residents invested further in Canadian securities in August, adding $5.1 billion to their portfolios.
Statistics Canada reports foreign investment was spread among all asset classes, except government short-term debt securities.
Meanwhile, Canadian investors adjusted their portfolios of foreign securities, moving from foreign debt to foreign stocks for a net reduction of $112 million.
The trend of foreign acquisitions of Canadian bonds in 2009 carried into August, with non-residents acquiring an additional $4.5 billion worth _ most of it in federal government and its enterprises' bonds.
Canadians continued to reduce their holdings of foreign bonds in August, selling $2.7 billion worth - nearly all of it in U.S. government bonds.

