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Canadian Dollar, concept of business and finance (Devon Yu)
Canadian Dollar, concept of business and finance (Devon Yu)

Non-residents cut holdings of Canadian securities by $1.9-billion Add to ...

Statistics Canada says non-residents reduced their holdings of Canadian securities by $1.9-billion in December, led by large retirements of bonds and equities.

It says Canadian investors bought $5.5-billion in foreign securities, marking a fourth straight month of investment.

Non-resident investors acquired $4.8-billion of Canadian debt securities in December, a sixth straight month of investment.

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However, they cut their holdings of Canadian shares by $6.7-billion in December, the largest divestment since November 2007.

This was related to cross-border merger and acquisition activity.

Canadian stock prices ended December at their highest level since February 2012.

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