Canadian securities attracts $13.5bn from international buyers
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Non-public company bonds had been the principle driver, attracting $10.4 billion of funding largely attributable to new issuances of international forex devices by chartered banks.
Federal authorities bonds had been one other giant rebound funding for worldwide patrons ($8.1 billion in comparison with greater than $11 billion divested in March), and so they acquired $3.2 billion in provincial bonds.
Nonetheless, the good points for bonds belied a big pull again from Canadian equities, largely because of the retirement of shares of Canadian corporations concerned in merger and acquisition actions. The $8.2 billion divested was offset barely by the acquisition of shares on the secondary market.
Canadian buyers
In the meantime, Canadian buyers added $2.4 billion in international securities to their portfolios in April.
This was the primary month-to-month funding of 2023, following greater than $28 billion divested over the earlier 4 months, and was targeted on international shares – largely US – with $3.5 billion acquired.
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