UPDATE 1-Foreigners slow purchases of Canadian securities in Oct

Mon Dec 16, 2013 8:36am EST
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* Foreign investment nearly halved to C$4.41 bln

* Biggest divestment in money market since July 1994

* Led by retirement of federal T-bills

* Foreigners add bonds and stocks

* Canadians sell C$95 mln in foreign securities

OTTAWA, Dec 16 (Reuters) - Foreign investment in Canadian securities was roughly halved in October, with money market holdings slumping because of the retirement of federal T-bills but substantial investment being made in bonds and equities, Statistics Canada said on Monday.

Net foreign investment fell to C$4.41 billion ($4.16 billion) from C$8.29 billion in September.

Foreigners made their largest divestment in money market instruments since July 1994, reducing their holdings by C$6.16 billion after C$12.42 billion of investment over the previous six months. They made net sales of federal treasury bills of C$5.21 billion.   Continued...