Foreigners Increased Holdings of Canadian Securities In November

By Kim Mackrael

OTTAWA--Foreigners bought more Canadian securities in November, while Canadians increased their holdings of foreign securities.

Nonresidents bought a net 11.78 billion Canadian dollars (US$9.26 billion) in Canadian securities in November, Statistics Canada said Monday. In the previous month, nonresidents purchased C$6.93 billion in Canadian securities.

Meanwhile, Canadians acquired C$7.58 billion in foreign securities in November.

As a result, international transactions generated a net inflow of funds to the Canadian economy of C$4.2 billion in the month.

The monthly international securities report covers portfolio transactions in equity and investment fund shares, bonds and money market instruments for both Canadian and foreign issues. This activity excludes transactions in equity and debt instruments between affiliated enterprises.

Write to Kim Mackrael at [e-mail]

(END) Dow Jones Newswires

01-18-21 0913ET