Posted by: youngragingbull | March 18, 2013

Canadians dump foreign bonds for foreign stocks: StatsCan

Following four straight months of increased investments, Canadians reduced their holdings of foreign stocks and bonds by more than $1.2 billion.

Statistics Canada data released Monday showed Canadians dumped more than $3.3 billion worth of foreign bonds during the month. That includes more than $6 billion of U.S. government bonds, more than offsetting a cumulative $10.4 billion worth of American bonds that they had accumulated during the previous three months.

Foreign stocks, however, proved more popular, as Canadians bought more than $2.2 billion worth. It was the fifth straight month of acquisitions and focused mainly on U.S.-listed stocks, which went up by an average of five percent during the month.

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  1. Reblogged this on Market Curator.


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