Foreigners pile back into Canadian bonds, dump stocks | Investing ...

OTTAWA ? Foreigners bought $6.9 billion in Canadian securities in August, investing mainly in corporate bonds and dumping stocks in contrast to the previous month, Statistics Canada said on Tuesday.

Non-resident investors acquired $4.7 billion in Canadian bonds, focusing on public and private sector corporate issuers and unloading government bonds. Still, they accumulated $19.5 billion in federal government bonds so far in 2012, four times the amount bought in the same period last year.

Foreigners bought $2.8 billion in money market instruments in Canada and their purchases of paper issued by Canadian private companies was the second largest on record. They reduced their equities holdings by $0.6 billion after a $4.7 billion investment in July.

Canadians, for their part, reduced their holdings of foreign securities by $1.69 billion, in part by selling U.S. government bonds.

NOTE: As of Tuesday?s release, Statscan changed the way it reports the securities transaction data. A plus sign now denotes an increase in investment and a minus sign denotes a decrease in investment. Previously, a plus sign indicated an inflow of money into Canada (for instance, a reduction of foreign holdings by Canadians) and a minus sign indicated an outflow of money from Canada (for instance, a reduction of foreign investment in Canada)

? Thomson Reuters 2012

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Source: http://business.financialpost.com/2012/10/16/foreigners-pile-back-into-canadian-bonds-dump-stocks/

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