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Foreign Investment In Canadian Securities Jumps In December

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Non-residents acquired $11.2 billion of Canadian securities in December as purchases of Canadian bonds continued to dominate foreign inflows, Statistics Canada reported Thursday.

This was up from a revised $10.58 billion in November, and more than the $7 billion analysts were estimating.

Canadian investment in foreign securities, which was up in November after four months of divestments, slowed to $663 million in December, the agency noted.

Portfolio investment activity in 2009 was marked by unprecedented foreign acquisitions of Canadian securities to the tune of $109.4 billion, predominantly bonds.

(Market News Provided by RTTNews)

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