Foreigners snap up Canadian securities for fourth straight month

Thu Jun 16, 2016 9:08am EDT
 
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OTTAWA (Reuters) - Foreign investors bought a net C$15.52 billion ($11.94 billion) in Canadian securities in April, the fourth straight month of relatively significant purchases, Statistics Canada said on Thursday.

Non-residents snapped up C$7.45 billion worth of Canadian bonds, with most of the investment taking place in new corporate bonds denominated in non-Canadian currencies.

Foreigners also bought C$6.04 billion in money market paper, most of it denominated in non-Canadian currencies, and C$2.02 billion worth of stocks.

Canadian investors bought C$4.67 billion in foreign securities, the third consecutive month of investment, most of it accounted for by C$3.67 billion worth of bond purchases.

(Reporting by David Ljunggren Editing by W Simon)

 
A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015.  REUTERS/Mark Blinch