Investing.com - Foreign investors' acquisitions of Canadian securities declined more-than-expected in June, official data showed on Tuesday.
In a report, Statistics Canada said foreign investment fell to a seasonally adjusted CAD 5.39 billion in June, after rising to CAD 23.04 billion in May, whose figure was revised down from CAD 23.16 billion.
Analysts had expected foreign investment to decline to CAD 9.42 billion in June.
The report said that Canadian acquisitions of foreign securities rebounded in June, with investors adding CAD 4.0 billion to their portfolios, mainly non-US foreign securities.
Following the release of the data the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.71% to hit 1.0362.
In a report, Statistics Canada said foreign investment fell to a seasonally adjusted CAD 5.39 billion in June, after rising to CAD 23.04 billion in May, whose figure was revised down from CAD 23.16 billion.
Analysts had expected foreign investment to decline to CAD 9.42 billion in June.
The report said that Canadian acquisitions of foreign securities rebounded in June, with investors adding CAD 4.0 billion to their portfolios, mainly non-US foreign securities.
Following the release of the data the Canadian dollar was up against its U.S. counterpart, with USD/CAD shedding 0.71% to hit 1.0362.