Investing.com – Foreign investors' acquisitions of Canadian securities rose les-than-expected in July, official data showed on Monday.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 5.48 billion in July, after declining to CAD 5.39 billion in June.
Analysts had expected foreign investment to increase to CAD 8.11 billion in July.
The report said that non-Canadian residents added CAD 5.5 billion to their portfolios in July, with Canadian bonds accounting for the majority of foreign inflows.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.02% to hit 1.0333.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 5.48 billion in July, after declining to CAD 5.39 billion in June.
Analysts had expected foreign investment to increase to CAD 8.11 billion in July.
The report said that non-Canadian residents added CAD 5.5 billion to their portfolios in July, with Canadian bonds accounting for the majority of foreign inflows.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.02% to hit 1.0333.