UPDATE 2-Foreigners return to Canadian securities but pace slower

Mon Sep 16, 2013 9:50am EDT
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* Foreign investment C$6.09 bln vs. June sales C$15.43 bln

* Foreign investment so far this year half the rate of year earlier

* Foreigners buy C$3.64 bln in bonds after record sales in June

* Analyst sees less somewhat less safe-haven interest

By Randall Palmer

OTTAWA, Sept 16 (Reuters) - Foreigners resumed their acquisitions of Canadian securities in July after a huge divestment in June, with purchases so far this year running at half the pace of last year.

Statistics Canada said on Tuesday that foreigners bought a net C$6.09 billion ($5.91 billion) worth of securities in July after sales of C$15.43 billion in June. Their purchases of Canadian securities in the first seven months of 2013 reached C$21.90 billion versus C$42.67 billion a year earlier.

Most of the purchases were in Canadian bonds, C$3.64 billion, led by private corporate debt, followed by federal government bonds.

The bond purchases sharply contrasted with a record C$19.07 billion of bonds sold by foreigners in June.   Continued...