BUSINESS

Foreigners bought $15 billion in Cdn securities in November: Statistics Canada

01/17/2012 08:54 EST | Updated 03/18/2012 05:12 EDT
OTTAWA - Statistics Canada says foreign investors bought $15 billion worth of Canadian securities in November.

Canadians, meanwhile, bought $2.8 billion in foreign securities, evenly split between stocks and bonds.

The agency says foreigners invested $88.2 billion in Canadian securities in the 11 months ending in November, while Canadians bought $14.7 billion in foreign securities.

Foreigners bought $6.2 billion in Canadian bonds in November, the biggest inflow since May.

They invested $5.7 billion in the Canadian money market and purchased $3.1 billion in Canadian stocks.

Canadians purchased $1.6 billion of foreign bonds in November as well as $1.5 billion worth of foreign equities.

They reduced their holdings of foreign money market instruments by $291 million in the month as the retirement of European government paper more than offset the acquisition of U.S. treasury bills.