Foreigners continue to binge on canadian securities

Foreign investors continued to buy up Canadian securities in April, leading to a three-month high, Statistics Canada said Thursday.

The federal agency said non-residents purchased $8.2 billion in securities during the month. Of that total, $2.2 billion went into private corporate bonds and $3.04 billion was invested in money market instruments.

Foreign investors also bought $248 million worth of Canadian stocks.

“In contrast, the level of foreign investment in Canadian government bonds continued to moderate in April, following record annual investments in both federal and provincial government bonds in 2010,” the agency said.

Source: FinancialPost.com