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MNI DATA IMPACT:Frgn Investrs Buy Record Cdn Federal Gov Bonds> 

By Yali N'Diaye
     OTTAWA (MNI) - The following are the key points from the January 
data on Canada's international transactions in securities, released 
Monday by Statistics Canada: 
     - Foreign investors bought C$28.4 billion in Canadian securities in 
January, the largest investment since May 2017, following a C$20.5 
billion divestment in December. Investment in Canadian securities fell 
to C$67.1 billion in 2018 from C$189.2 billion in 2017. 
     - In January, foreign investment focused on Canadian debt 
securities (C$19.4 billion), led by a C$14.3 billion investment in 
bonds. Investors favored Canadian government bonds, increasing their 
portfolio exposure by C$15.2 billion, led by a record C$12.9 billion 
investment in federal government bonds. Investors targeted secondary 
market purchases of Canadian dollar-denominated bonds. During the month, 
the Canadian government issued USD 3.0 billion of global bonds, in 
contrast with the divesting trend observed in 2018, the agency noted. 
     - Investment in Canadian securities increased C$9.0 billion in 
January, the largest acquisition since February 2017, as a result of 
cross-border mergers and acquisitions. Investment was concentrated in 
the energy and mining sector. 
     - Meanwhile, Canadian investors cut their portfolio exposure to 
foreign securities by C$8.8 billion, led by a C$9.0 billion divestment 
in U.S. shares. 
--MNI Ottawa Bureau; email: yali.ndiaye@marketnews.com 
[TOPICS: MACDS$,M$C$$$]
data-HeadlineData StoriesImpactDataPolicy NewsCanadaAPACChina Bank of Canada Market NewsHeadlineFixed Income BulletsForeign Exchange BulletsRegionNorth America
data-HeadlineData StoriesImpactDataPolicy NewsCanadaAPACChina Bank of Canada Market NewsHeadlineFixed Income BulletsForeign Exchange BulletsRegionNorth America
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