Investing.com – Foreign investors acquisitions of Canadian securities rose significantly more-than-expected in August, official data showed on Monday.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 11.09 billion in August, after rising to CAD 5.51 billion in July, whose figure was revised up from CAD 5.48 billion.
Analysts had expected foreign investment to increase to CAD 6.01 billion in August.
The report said that non-Canadian residents added CAD 11.1 billion to their portfolios in August, with the majority of the investment going to corporate and government business enterprise bonds.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD climbing 0.90% to hit 1.0196.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 11.09 billion in August, after rising to CAD 5.51 billion in July, whose figure was revised up from CAD 5.48 billion.
Analysts had expected foreign investment to increase to CAD 6.01 billion in August.
The report said that non-Canadian residents added CAD 11.1 billion to their portfolios in August, with the majority of the investment going to corporate and government business enterprise bonds.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD climbing 0.90% to hit 1.0196.