Financial Post
Foreign investors eased up on purchases of Canadian securities in October, adding just $2.03 billion to their holdings after buying $7.35 billion the previous month, Statistics Canada said.
Economists had expected foreign purchases of between $7.25 billion and $8 billion in October. The October acquisitions - which showed weaker demand for treasury bills and equities - were also much lower than an average of $9.2 billion over the previous three months.
Non-residents added $1.22 billion worth of Canadian bonds to their portfolios in October, led by the first investment in federal bonds in five months.
"This investment was partially offset by retirements of Canadian private corporate bonds and provincial bonds, mostly foreigncurrency denominated instruments," the agency said.
http://www.timescolonist.com/business/Foreign+investors+back+Canadian+securities/5876723/story.html
1 comment:
Foreign investments in Canadian securities slowed in October. Economists predicted foreign purchases between $7.25 and $8 billion in October. However, only $2.03 billion worth of securities were purchased. October also showed a smaller demand for treasury bills and equities. Non-residents added $1.22 billion worth of Canadian bonds to their portfolios in October which is significantly less than the $6 billion dollar purchases just a short 3 months ago. October in general was a poor month of investment for Canadian treasuries. The highest short and long term interest rates in 3 months may have contributed to this problem.
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