By Kim Mackrael
OTTAWA--Foreigners bought Canadian securities at a slower pace in November, led by acquisitions of private corporate instruments.
Meanwhile, Canadian investors sold more foreign securities in the month, marking the first divestment in nearly a year.
Foreign investors bought a net 7.24 billion Canadian dollars ($5.46 billion) in Canadian securities in November, Statistics Canada said Thursday. In the previous month, non-residents bought a net C$15.77 billion.
Canadians sold a net C$7.87 billion in foreign securities in November, after acquiring C$2.07 billion for their portfolios in the previous month. The Canadian divestment was the first since January 2016 and was concentrated in foreign debt securities and equities.
Overall, the transactions in November resulted in a net inflow of funds of C$15.12 billion into Canada.
The monthly international securities transaction report offers a gauge on foreign market sentiment toward the Canadian economy, and Canadian investors' take on global prospects.
Write to Kim Mackrael at firstname.lastname@example.org
(END) Dow Jones Newswires
January 19, 2017 08:45 ET (13:45 GMT)
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