Investing.com – Foreign investors acquisitions of Canadian securities rose unexpectedly in September, official data showed on Thursday.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 12.25 billion in September, after rising to CAD 10.37 billion in August, whose figure was revised down from CAD 11.09 billion.
Analysts had expected foreign investment to decline to CAD 9.21 billion in September.
The report said that non-Canadian residents added CAD 12.3 billion to their portfolios in September. Meanwhile, Canadian acquisitions of foreign securities strengthened to USD 4.6 billion in September, the largest outflow since March.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD tumbling 0.79% to hit 1.0164.
In a report, Statistics Canada said that foreign investment rose to a seasonally adjusted CAD 12.25 billion in September, after rising to CAD 10.37 billion in August, whose figure was revised down from CAD 11.09 billion.
Analysts had expected foreign investment to decline to CAD 9.21 billion in September.
The report said that non-Canadian residents added CAD 12.3 billion to their portfolios in September. Meanwhile, Canadian acquisitions of foreign securities strengthened to USD 4.6 billion in September, the largest outflow since March.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD tumbling 0.79% to hit 1.0164.