August 17, 2015 / 12:40 PM / 2 years ago

Foreigners buy C$8.51 billion of Canadian securities in June

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(Reuters) - Foreign investors purchased C$8.51 billion ($6.47 billion) in Canadian securities in June following a net sale of C$5.46 billion in May, as foreign investment in the Canadian money market reached a record C$12.04 billion, Statistics Canada said on Monday.

Canadian investors bought C$8.57 billion worth of foreign securities in June following the purchase of C$5.73 billion in May. Over the second quarter, Canadians invested more funds abroad than foreign investors placed in Canada, generating a net outflow of C$4.4 billion from the Canadian economy, the statistics agency said.

Reporting by Simon Doyle; Editing by Leah Schnurr

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