February 16, 2018 / 1:38 PM / a year ago

UPDATE 1-Foreign investment in Canada securities dips after long run

OTTAWA, Feb 16 (Reuters) - Foreign investment in Canadian securities slipped slightly in December after five strong months but international demand over the year was high enough to set an annual record, Statistics Canada said on Friday.

Non-resident investors sold a net C$1.97 billion ($1.58 billion) in Canadian securities after acquiring C$19.20 billion in November. For 2017 as a whole, foreigners bought C$188.52 billion in Canadian securities, up from the previous high of C$171.77 billion in 2016.

International investors sold C$4.03 billion worth of Canadian bonds, mostly provincial bonds. They bought C$1.66 billion in stocks and $401 million in money market paper.

Canadians bought a record $21.99 billion in international securities in December, virtually all in stocks. For 2017 as a whole they bought C$84.66 billion in foreign securities, a new all-time high. ($1=$1.25 Canadian)

Reporting by David Ljunggren; Editing by Jeffrey Benkoe

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