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Non-residents increase investment in Canadian equities in May

Published by Stephanie Brooks on July 16, 2012

Statistics Canada's international transactions in securities report for May 2012 released today shows non-residents obtained a record $26.1 billion in Canadian securities for the month, mostly in the form of government debt securities. Domestic investors made a $1.3 billion purchase of foreign securities.

Non-resident investors purchased $16.7 billion of Canadian bonds - the largest in three years. This was led by a $9.5 billion foreign acquisition of federal government bonds on the secondary market, mainly comprised of instruments at both ends of the maturity spectrum. Canadian long-term interest rates exceeded the US by the largest spread since September 2011, just as the Canadian dollar depreciated against the US dollar.

Foreign investors added $3.5 billion of federal government enterprise bonds to their portfolios in May for a fifth straight month. The remainder of the inflows in the Canadian bond market were in provincial bonds.

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