UPDATE 1-Foreigners ramp up purchases of Canadian securities
(Adds details of release, background)
OTTAWA, April 18 (Reuters) - Foreign investors bought C$15.94 billion ($12.36 billion) worth of Canadian securities in February, the most in four months, with most of the money going into the bond market, Statistics Canada said on Monday.
Non-residents snapped up C$12.70 billion worth of bonds, mostly those denominated in Canadian dollars. A majority were issued by the federal government.
Foreigners bought C$3.40 billion worth of stocks, up from just C$141 million in January, as Canadian share prices edged up over the month. They also sold C$164 million worth of Canadian money market paper.
Canadians resumed their purchases of foreign securities, investing a net C$4.37 billion after selling C$14.68 billion in January. They bought C$5.44 billion in bonds, mostly U.S. government and corporate bonds.
Domestic investors sold C$1.12 billion in foreign stocks, buying C$3.63 billion worth of non-U.S. shares while cutting their exposure to U.S. equities by C$4.75 billion. U.S. stock prices edged down in February.
(Reporting by David Ljunggren; Editing by Paul Simao)
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