Foreign investment up in February by $6.1B, StatsCan says
Matched by Canadian purchases of $6 billion in foreign securities.
OTTAWA — Statistics Canada (StatsCan) says foreign investment in Canadian securities grew by $6.1 billion in February and this was matched by Canadian purchases of $6 billion in foreign securities.
It says non-residents bought $2.2 billion in Canadian bonds, following two straight months of divestment.
Foreigners invested $2.3 billion in the Canadian money market, with purchases diversified across all sectors, except the federal government.
Foreign investors also put money into the Canadian stock market in February, buying $1.6 billion worth of equities.
Canadian acquisitions abroad targeted a broad range of foreign securities, led by bonds.
Canadians put $2.7 billion into foreign bonds, mainly in foreign currency-denominated instruments.
© 2014 The Canadian Press
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