Foreigners resume purchases of Canadian securities in January
OTTAWA (Reuters) - Foreign investors resumed buying Canadian securities in January with a big push into corporate and government debt, while Canadians sold off their positions in foreign equities, data from Statistics Canada showed on Wednesday.
Foreigners bought C$13.51 billion ($10.1 billion) in Canadian investments after selling a small amount at the end of 2015.
Foreign investors bought C$11.65 billion in Canadian bonds, dividing their purchases evenly between government and corporate bonds. Money market purchases were C$1.72 billion, but investment in equities slowed to C$141 million as Canadian stocks tumbled in January.
Canadians sold a record C$13.82 billion in foreign securities, mainly driven by a divestment in equities. January was a volatile month for financial markets and the reduction in U.S. equities investments was the largest in a year.
Canadians also decreased their foreign bond holdings by C$1.61 billion, with a focus on U.S. Treasury bonds.
(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)
© Thomson Reuters 2017 All rights reserved.