Canada's international transactions in securities see net inflow of $6.5B in July

By Ovunc Kutlu

ISTANBUL (AA) - International transactions in securities generated a net inflow of funds of $6.5 billion in the Canadian economy during the month of July, the country's statistical agency said Wednesday.

Canadian investment in foreign securities slowed down to $4.5 billion in July, from $16.4 billion in June, Statistics Canada said in a statement.

"In July, Canadian investors added $2.3 billion of debt securities to their holdings, led by a $4.7 billion investment in foreign bonds," it said.

"Investment in US government bonds went up from $0.7 billion in June to $2.1 billion in July," it added.

Foreign acquisitions of Canadian securities, on the other hand, paced up to $11.0 billion in July, rising from $5.2 billion in June, said the agency.

"The investment in July focused on debt securities and was mainly in bonds," it added.