UPDATE 1-Foreigners favor Canadian bonds in Nov

* Foreigners buy C$8.01 billion in Canadian securities

* Canadians add C$5.82 billion in foreign securities
(Adds details)

OTTAWA, Jan 17 (BestGrowthStock) – Foreign purchases of Canadian
securities were strong in November, with investors adding a
further C$8.01 billion ($8.09 billion) of stocks and bonds to
their portfolios, Statistics Canada said on Monday.

Purchases of Canadian bonds gained for the twenty-third
month in a row with investments split between new bonds and
purchases on secondary markets. More than half of those
purchases were in corporate bonds, which were mainly U.S.
dollar-denominated bonds.

Foreign investment in stocks tumbled to C$115 million
following two months of heavy investment.

Net acquisitions slowed somewhat from October when
nonresidents bought a revised C$9.71 billion in Canadian
securities. Markets had predicted an inflow of C$9 billion in
November. Foreigners have added Canadian securities to their
portfolios in every month since January 2009, with the
exception of March 2010.

Canadian net investment in foreign securities increased to
C$5.82 billion in November compared with purchases worth C$821
million in the previous month. Canadians bought C$7.52 billion
worth of foreign bonds, the largest such investment since March
2007.

Three-quarters of foreign bond purchases were in U.S.
government bonds with a record C$5.7 billion bought in
November. Investment focused on the seven-year benchmark bond
and was widespread across institutional investors.
($1=$0.99 Canadian)
(Reporting by Leah Schnurr; editing by Janet Guttsman)