Foreign Investment Up

Published: Wednesday, 05/23/2007 12:00 am EDT

Canadians bought a record $25.7-billion in foreign securities during the first quarter of the year, Statistics Canada reported last week. The department cited a stronger dollar, favourable European rates, the high level of maple bond issuance and foreign takeovers as the reason for the robust investment in foreign securities, including the purchase of $11-billion worth in March. Non-residents added $4.7 billion worth of Canadian securities to their holdings in March, following February's investment of $4.8 billion.

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