Foreigners bought Cdn securities in February while Cdns dumped foreign holdings
Posted Apr 16, 2012 08:57:57 AM.
This article is more than 5 years old.
OTTAWA – Statistics Canada says foreign investors bought more Canadians securities in February while Canadians sold their holdings of foreign securities.
The agency says foreign investors added $12.5 billion to their holdings of Canadian securities in February, concentrated in federal government bonds.
Meanwhile, Canadian investors reduced their holdings of foreign securities by $2.2 billion.
It was the first time in 10 months that Canadian investors decreased their foreign holdings.
Foreign investors added $442 million of Canadian stocks to their portfolios in February after a $1.5-billion divestment in January.
Canadian stock prices were up 1.5 per cent in February, the second monthly increase in a row.
Canadian investors sold $238 million of foreign stocks in February, all US corporate shares.
