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Twenty-dollar bills are seen in this file photo.
Twenty-dollar bills are seen in this file photo.
(Paul-André Belle-Isle/Getty Images/iStockphoto)

Foreign investors still have compelling reasons to stay with Canada

Foreign investors haven’t lost their appetite for Canadian securities. They may just be suffering from a bit of government-bond indigestion.

Statistics Canada reported Monday that foreigners trimmed their Canadian holdings of investment securities (stocks, bonds and money-market instruments) by $1.1-billion in June. Given that foreigners had piled into Canada to the tune of $31.6-billion in the previous two months combined, a step back was inevitable – and this is a relatively modest one.