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MNI DATA BRIEF: Global Investors Snapped Up Canada Debt in May

OTTAWA (MNI)

International investors made their second-biggest monthly purchases of Canadian federal government debt on record in May, trailing only April 2020 during the height of the global market squeeze, the country's statistics office said Friday.

Overseas federal bond purchases came in at CAD15.5 billion on the month, including CAD9.8 billion of treasury bills and CAD5.7 billion of bonds, Statistics Canada said. Investors added another CAD5.2 billion of provincial government debt.

Finance department officials warned last year that a focus on long-term bond sales to finance pandemic-related deficits came with risks of hurting shorter-term bond markets, according to a report obtained by MNI.

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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