Investing.com – Foreign investors’ acquisitions of Canadian securities declined more-than-expected in August, official data showed on Monday.
In a report, Statistics Canada said that foreign investment fell to a seasonally adjusted CAD7.92 billion in August, worse than the expected decline to CAD9.23 billion.
The previous month’s figure was revised up to CAD12.13 billion from CAD11.78 billion.
According to the data, Canadians added CAD2.0 billion of foreign securities to their holdings, led by acquisitions of U.S. corporate shares.
Following the release of the data, the Canadian dollar added to losses against its U.S. counterpart, with USD/CAD gaining 0.32% to hit 1.0131.
In a report, Statistics Canada said that foreign investment fell to a seasonally adjusted CAD7.92 billion in August, worse than the expected decline to CAD9.23 billion.
The previous month’s figure was revised up to CAD12.13 billion from CAD11.78 billion.
According to the data, Canadians added CAD2.0 billion of foreign securities to their holdings, led by acquisitions of U.S. corporate shares.
Following the release of the data, the Canadian dollar added to losses against its U.S. counterpart, with USD/CAD gaining 0.32% to hit 1.0131.