Investing.com - Foreign investors’ acquisitions of Canadian securities increased more-than-expected in April, official data showed on Monday.
In a report, Statistics Canada said that foreign investment increased by a seasonally adjusted C$10.13 billion in April, above expectations for purchases of C$4.27 billion.
Foreign investors sold C$1.41 billion worth of Canadian securities in March.
At the same time, Canadian investment in foreign securities slowed to C$2.5 billion.
Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD rising 0.15% to trade at 1.0873.