UPDATE 1-Foreigners favor Canadian corporate bonds in Oct

* Foreigners buy C$9.51 billion in Canadian securities

* Canadians add C$821 million in foreign securities
(Adds details)

OTTAWA, Dec 16 (BestGrowthStock) – Foreign investors continued to
favor Canadian securities in October, adding a further C$9.51
billion ($9.51 billion) of stocks and bonds to their
portfolios, Statistics Canada said on Thursday.

The heaviest buying was in corporate bonds for the third
straight month, but nonresidents also poured money into shares
of chemical and fertilizer companies while unloading short-term
debt instruments.

The net acquisitions slowed somewhat from September, when
nonresidents bought C$13.36 billion. Analysts predicted an
inflow of C$10 billion in the month.

The bulk of the C$5.1 billion in corporate bonds scooped up
by foreign investors in October were U.S. dollar-denominated
bonds issued by financial and transportation companies.

Canadian net investment in foreign securities slowed to
C$821 million in October, compared with purchases worth C$5.2
billion in the previous month.

Canadians bought the largest amount of U.S. Treasury bills
since January 2008. Their acquisitions in the bond market
slowed considerably as they moved away from U.S. government
bonds. Canadians also heavily divested their non-U.S. foreign
equities holdings.
($1=$1.00 Canadian)
(Reporting by Louise Egan; editing by Jeffrey Benkoe)

UPDATE 1-Foreigners favor Canadian corporate bonds in Oct