Foreign investors buy net C$4.99 billion in Canadian securities in August
Reuters
Published Oct 16, 2019 09:07
Foreign investors buy net C$4.99 billion in Canadian securities in August
OTTAWA (Reuters) - Foreign investors bought a net C$4.99 billion ($3.78 billion) in Canadian securities in August, following a revised C$1.87 billion in total sales in July and two months of divestment, Statistics Canada said on Wednesday.
Canadian investors sold a net C$4.71 billion worth of foreign securities, led by sales of foreign stocks.
Statistics Canada said foreign investors acquired Canadian debt instruments, but reduced their exposure to Canadian shares in August.
Non-resident investors added C$1.75 billion of Canadian bonds to their portfolios.
Foreign investment in government bonds totaled C$2.1 billion, the agency said, adding foreign investors reduced their holdings of corporate bonds in August in the first divestment since January.
Meanwhile, Statistics Canada said Canadian investors reduced their exposure to foreign equities by C$5.1 billion in August.
That divestment, the agency said, was spread across U.S. and non-U.S. foreign shares. U.S. stock prices declined 1.8% in August.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.