Investing.com – Foreign investors’ acquisitions of Canadian securities fell unexpectedly in November, official data showed on Monday.
In a report, Statistics Canada said that foreign investment declined to a seasonally adjusted CAD8.01 billion in November, after falling to CAD9.71 billion in October, whose figure was revised up from CAD9.51 billion.
Analysts had expected foreign investment to increase to CAD10.42 billion in November.
The report said that non-Canadian residents added CAD8.0 billion to their portfolios in November. Meanwhile, Canadian acquisitions of foreign securities reached an eight month high of CAD5.8 billion in November, led by the largest investment in foreign bonds since March 2007.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.44% to hit 0.9868.
In a report, Statistics Canada said that foreign investment declined to a seasonally adjusted CAD8.01 billion in November, after falling to CAD9.71 billion in October, whose figure was revised up from CAD9.51 billion.
Analysts had expected foreign investment to increase to CAD10.42 billion in November.
The report said that non-Canadian residents added CAD8.0 billion to their portfolios in November. Meanwhile, Canadian acquisitions of foreign securities reached an eight month high of CAD5.8 billion in November, led by the largest investment in foreign bonds since March 2007.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.44% to hit 0.9868.