February 16, 2012 / 1:42 PM / in 6 years

Foreigners cut Canadian securities buys in December

OTTAWA (Reuters) - Foreign investment in Canadian securities fell to C$7.38 billion ($7.38 billion) in December from an unusually high C$14.64 billion in November, Statistics Canada reported on Thursday.

“Transactions in December closed a third straight year of relatively robust non-resident investment in Canadian securities at C$95.6 billion, down from a high of C$117.4 billion in 2010,” the federal agency said.

Canadians bought C$2.78 billion in foreign securities in December, led by purchases of U.S. government bonds, making for the first quarterly investment in these bonds in two years.

For the year as a whole, Canadian investment in foreign securities at C$17.59 billion was the highest since 2007.

($1=$1 Canadian)

Reporting by Randall Palmer; Editing by Chizu Nomiyama

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