Canadian Assets For Sale; A First In 8-Months

Foreign investors in December reduced their holdings of Canadian securities for the first time since June, as they received payment of matured bonds and sold equities, government figures showed.

Net sales totaled C$1.92 billion ($1.89 billion) in the month, following November’s revised purchase of C$5.5 billion, Statistics Canada said today in Ottawa. For the year, foreign investors bought a net C$83.2 billion of Canadian securities, the lowest since 2008 and down from C$97.3 billion in 2011.

Equity holdings fell a net C$6.68 billion during the month, while bond holdings by non-residents was down a net C$655 million. Retirement of bonds issued by the federal government and state businesses offset purchases in the secondary market, the agency said.
Non-residents purchased C$5.42 billion of money-market paper.

Canadians bought a net C$5.47 billion of foreign securities in December, the statistics agency said, led by purchases of bonds.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell