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Business  

Foreign investment in securities strong in November: Statistics Canada

OTTAWA - Statistics Canada says foreign investors added $8.7 billion of Canadian securities to their holdings in November.

The agency says this marked a fifth-straight month of foreign investment and largely involved corporate securities.

Meanwhile, Canadian investors acquired $6.6 billion of foreign securities, all bonds.

Foreign investors acquired $3.4 billion of Canadian debt securities in November, with funds moving out of Canadian money market instruments and into Canadian bonds.

Foreign investment in Canadian bonds reached $10.6 billion in November, the second largest monthly inflow in 2013.

Foreign investors continued to favour corporate bonds during the month, adding $7.9 billion to their portfolios, evenly split between private corporate and federal government business enterprise bonds.



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