(Adds details from report)
OTTAWA, June 16 Foreign investment in Canadian
securities slowed in April as investors scooped up bonds but
sold their equities holdings, data from Statistics Canada showed
International investors bought C$10.60 billion ($8.01
billion) in Canadian securities in the month, compared with
March's downwardly revised C$15.05 billion.
Investors bought C$13 billion in Canadian bonds, the most
since July 2016. Much of that came from a C$6.7 billion increase
in purchases of federal government bonds after investors had
reduced their holdings for three months in a row.
Investors sold C$1.27 billion in Canadian shares after
strong interest in the first quarter. They also sold C$1.09
billion in money market instruments.
At the same time, Canadians reduced their holdings in
foreign securities by C$9.87 billion after four consecutive
months of acquisitions, making for the largest divestment since
Canadians sold C$5.73 billion in U.S. and non-U.S. foreign
shares and C$4.06 billion in foreign debt securities, with
significant sales of U.S. Treasuries.
(Reporting by Leah Schnurr; Editing by Steve Orlofsky)