-Miroslav Zajac, WBP Online
Foreign investment in Canada rose less-than-expected last month, official data showed. Foreign money continued flowing into Canadian stocks, bonds and money market funds in May, with the respective gauge posting a positive figure for the fifth consecutive month. Thus, foreign investors boosted their holdings of Canadian securities by C$14.73B during the fifth month of the year, the country's Statistics Office reported, down from growth of C$15.52B snatched in April, while economist anticipated a growth of C$15.39B. This activity was on par with the average investment recorded in the previous four months.
Meanwhile, separate data also showed that total foreign investment in Canadian securities for the first five months of the year hit a record C$74.64B, of which C$55.08B went into bonds. Moreover, foreign investment in Canadian bonds totaled $17.29B in May, the largest investment since March 2015, while investment in money market instruments was lowered $3.38B, following strong acquisitions in April. In the meantime, Canadian investors bought C$5.05B in foreign securities, the fourth consecutive month of investment, most of it accounted for by C$4.70B worth of stocks.
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