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Foreign Investors Buy Record Amount Of Federal Government Paper

CANADA
  • Global investors bought record CAD11.8b of Canadian government paper in May, Statistics Canada reports Monday
  • Short-term Canadian rates climbed to the highest since Feb 2001 that month, StatsCan says
  • The BOC hiked rates in June and again last week and signaled more tightening is possible, suggesting more investor interest in picking up yield
  • Overall foreign investment in Canada securities was CAD11.2b in May, while Canadians sold a net CAD2.8b of foreign securities
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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