Canadian Foreign Investments Is Hitting Stability SInce September,Reports Say
The foreigners have already bought C$11.77 billion or equivalent to US$8.78 billion worth of Canadian securities in September which had sets them a new record of investment for the first nine months of the year, this is reported by the Statistics of Canada.
Nonresident investors snapped up C$11.48 billion worth of bonds, primarily in new issues placed abroad by Canadian private corporations. They also bought C$5.69 billion worth of stocks while selling C$5.40 billion in money market paper. And also foreign purchases of Canadian securities from January to September hit an all-time high of C$119.92 billion, much greater than the C$82.37 billion amassed in the first nine months of 2015.
The Statistics Canada said to an interview that most of this increase reflected higher foreign investment in Canadian equities which is mainly resulting from cross border mergers and acquisitions activity. Canadian had also invested a net C$1.81 billion in foreign securities. Non-US foreign shares hit C8.64 billion which has been the highest monthly total since December 2000.
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