BUSINESS

Foreign acquisitions of Cdn securities on the rise in July: StatsCan

09/16/2011 08:36 EDT | Updated 01/12/2012 01:35 EST
OTTAWA - Non-resident investors resumed significant acquisitions of Canadian securities in July, adding $11.8 billion to their holdings, mainly in federal treasury bills.

Statistics Canada reports Canadian holdings of foreign securities edged up $1.3 billion, led by further acquisitions of foreign corporate shares.

Non-residents acquired $7.3 billion of Canadian money market instruments in July, led by federal treasury bills.

Foreign investors resumed acquisition of Canadian bonds in July, adding $2.0 billion to their portfolios following large government bond retirements in June.

Non-resident investors added a further $2.5 billion of Canadian corporate shares to their holdings in July.

Canadian investors continued acquired $2.8 billion in foreign equities in July, primarily in U.S. corporate shares.