Investing.com – Foreign investors’ acquisitions of Canadian securities rose more-than-expected in November, official data showed on Tuesday.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD14.99 billion in November, blowing past expectations of CAD6.97 billion.
The previous month’s figure was revised up to CAD3.85 billion from CAD2.03 billion.
Foreign investment in all types of Canadian securities strengthened in November with non-residents adding CAD15.0 billion to their holdings, the largest such inflow of funds since May.
Canadian investors purchased CAD2.8 billion of foreign securities, evenly split between stocks and bonds.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD slumping 0.47% to hit 1.0131.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD14.99 billion in November, blowing past expectations of CAD6.97 billion.
The previous month’s figure was revised up to CAD3.85 billion from CAD2.03 billion.
Foreign investment in all types of Canadian securities strengthened in November with non-residents adding CAD15.0 billion to their holdings, the largest such inflow of funds since May.
Canadian investors purchased CAD2.8 billion of foreign securities, evenly split between stocks and bonds.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD slumping 0.47% to hit 1.0131.