Saturday, April 25th5.5°C
25936

Cdns bought $7.9B in foreign securities in March, Statistics Canada

OTTAWA - Statistics Canada says Canadian investors acquired $7.9 billion in foreign securities in March, the largest such outflow of funds since November 2012.

The agency says foreigners, meanwhile, reduced their holdings of Canadian securities by $1.2 billion, the first monthly divestment this year.

It says the moves led to a net outflow of $9.1 billion from the Canadian economy in March on portfolio transactions and $10.4 billion for the first quarter of 2014.

Canadian investment abroad was led by investments in foreign equity markets, while foreign investors continued to reduce their exposure to Canadian debt instruments.

Canadian investment in foreign shares totalled $6.4 billion in March, the highest recorded since April 2007.

These investments mainly targeted non-U.S. equities.

The Canadian Press


Read more Business News




Recent Trending




Today's Market

 
Okanagan Companies

 





FEATURED Property
22671111944 Davies Rd
2 bedrooms 1 baths
$10,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...

_



25289

26069


Member of BC Press Council


25346