BUSINESS

Foreign investors bought $6.7B in Canadian securities in May: StatsCan

07/17/2013 08:57 EDT | Updated 09/16/2013 05:12 EDT
OTTAWA - Statistics Canada says foreign investment in Canadian securities slowed to $6.7 billion in May as investment fell for all types of securities — but mainly bonds.

The agency says Canadian investors returned $1.6 billion in funds from international financial markets in May, led by the sale of U.S. securities.

It says foreign investment in Canadian debt securities was $5.5 billion in May, down from $12.8 billion in April.

Statistics Canada says $2 billion in foreign investment in Canadian bonds — the fifth straight month of acquisition of these instruments by non-residents — was the lowest such activity so far this year.

Non-residents favoured private corporate bonds for a second month as they added $4.1 billion worth to their portfolios.

Statistics Canada also says non-residents bought $1.2 billion of Canadian equities in May, adding to April's $2.2 billion acquisitions.