Posted AT 9:34 AM EDT on 16/09/04
Foreigners snap up Canadian bonds
Foreign investors boosted their portfolio of Canadian securities in July by bigger-than-expected $3.7-billion, as they snapped up new issues of Canadian bonds, Statistics Canada said Thursday.
The figure more than doubled the $1.5-billion median estimate of economists surveyed by Bloomberg.
Canadians also resumed buying of foreign securities, snapping up $587-million in overseas investments during the month.
Issues of new bonds coming on the market reached $3.
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