UPDATE 1-Foreigners slow purchases of Canadian bonds in Feb

* Foreigners slow pace of Canadian bond purchases

* Canadian purchases abroad highest since March 2009

(Adds details)

OTTAWA, April 19 (BestGrowthStock) – Foreign investors added C$6.72
billion ($6.59 billion) in Canadian securities to their
portfolios in February, down from C$11.84 billion in January,
Statistics Canada said on Monday.

The investment fell short of the C$10 billion estimate by
analysts in a Reuters poll.

Although Canadian bonds were the investment instrument of
choice for nonresidents, they acquired them at a slower pace
than in the previous three months. They purchased a further
C$7.77 billion of bonds compared with C$10.03 billion in
January, and dumped C$855 million in money-market instruments
and C$193 million in stocks.

“Secondary market purchases of federal government bonds
accounted for half of the inflow, with the remainder almost
equally split between new provincial bond issues and
outstanding private corporate bonds,” Statscan said.

Canadian investment in foreign securities was the highest
since March 2009 at C$3.92 billion, following a divestment of
C$5.79 billion in January. Residents bought C$1.81 billion in
bonds, focusing on 7-year U.S. government bonds, as well as
$1.36 billion in mainly non-U.S. stocks (Read more about the stock market today. ) and C$749 million in
money market instruments.
Investment Advice

($1=$1.02 Canadian)
(Reporting by Louise Egan and Howaida Sorour; Editing by
Theodore d’Afflisio)

UPDATE 1-Foreigners slow purchases of Canadian bonds in Feb