Investing.com – Foreign investors’ acquisitions of Canadian securities rose more-than-expected in March, official data showed on Tuesday.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD6.34 billion in March, after falling to CAD2.47 billion in February, whose figure was revised down from CAD2.5 billion.
Analysts had expected foreign investment to increase to CAD4.37 billion in November.
The report said that Canadians removed CAD1.7 billion from their holdings of foreign securities in March, all debt instruments.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD easing up 0.06% to hit 0.9764.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD6.34 billion in March, after falling to CAD2.47 billion in February, whose figure was revised down from CAD2.5 billion.
Analysts had expected foreign investment to increase to CAD4.37 billion in November.
The report said that Canadians removed CAD1.7 billion from their holdings of foreign securities in March, all debt instruments.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD easing up 0.06% to hit 0.9764.