Posted AT 9:09 AM EDT on 17/03/05
Foreigners buy up bonds
Foreign investors bought $1.8-billion in Canadian debt instruments in January, while foreign holdings of Canadian stocks remained flat, Statistics Canada said.
Canadian investors, meantime, divested a record $3.2-billion in foreign stocks in January as they continued to buy foreign bonds.
Foreign holdings of Canadian bonds increased by $638-million in January, offsetting December's divestment. Almost all the buying was concentrated in federal government bonds, Statscan said.
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