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Canadian dollar (Jonathan Haywa/The Canadian Pre)
Canadian dollar (Jonathan Haywa/The Canadian Pre)

Canadian investors bought $2.3-billion in foreign securities in January Add to ...

Statistics Canada says Canadian investors added $2.3-billion of foreign securities in January, a fourth straight month of increases to their holdings.

At the same time, the agency says, foreign investors acquired $1.1-billion of Canadian securities, led by equities.

As a result, cross-border transactions in securities generated a net outflow of funds for a second consecutive month.

Canadian acquisitions in the month focused on U.S. bonds and equities, but this activity was moderated by a reduction in Canadian holdings of U.S. money market instruments.

Canadian investment in foreign bonds totalled $1.5-billion and was again led by U.S. government bonds.

Foreign investors reduced their holdings of Canadian debt securities by $1.8-billion in January, following a $6.6-billion divestment in December.

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