Twenty-dollar bills are seen in this file photo.Getty Images/iStockphoto
Statistics Canada says foreign investors cut their holdings of Canadian securities by $4.3-billion in December, mainly bonds denominated in Canadian dollars.
The agency says Canadian investors acquired $3.7-billion of foreign securities, led by U.S.-dollar-denominated bonds.
Foreign holdings of Canadian debt securities fell by $6.6-billion in December, the largest decline in six months.
This activity reflected a divestment in Canadian bonds, partially offset by an investment in Canadian money market instruments.
Non-residents' holdings of Canadian bonds were down by $10.9-billion in December, with the reductions focused on federal government bonds with short-term maturities and federal government business enterprise bonds.
This activity was moderated by foreign investment of $4.3-billion in the Canadian money market as non-residents acquired U.S. dollar provincial government and private corporate paper