CORRECTED-UPDATE 1-Foreign purchases of Canadian securities halved in Nov

Mon Jan 19, 2015 9:34am EST
 
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(Corrects figures to Canadian dollars throughout story)

OTTAWA Jan 19 (Reuters) - Foreign investment in Canadian securities fell to C$4.29 billion ($3.58 billion) in November from C$9.53 billion in October, Statistics Canada reported on Monday.

"Acquisitions were mainly in Canadian corporate bonds as non-residents reduced their exposure to Canadian stocks for the first time in 15 months," the federal statistical agency said.

It said a C$580 million withdrawal from the Canadian equity market in November was the first monthly divestment since August 2013.

Meantime, Canadian investors added C$1.83 billion of foreign securities to their holdings, all in bonds.

The agency said these acquisitions were led by a C$1.37 billion purchase of U.S. Treasury bonds.

($1=$1.20 Canadian) (Reporting by Mike De Souza; Editing by Randall Palmer and Nick Zieminski)