Canada: Foreign investors reduced their holdings of Canadian securities by $923 mln in June

"Foreign investors reduced their holdings of Canadian securities by $923 million in June, the first monthly divestment since July 2015," the Statistics Canada said on Wednesday.

Key quotes:

• At the same time, Canadian investment in foreign securities amounted to $13.2 billion, led by acquisitions of equities.

• As a result, Canada's international transactions in securities generated a net outflow of funds from the economy of $14.1 billion in June.

• Despite the net outflow, there was an overall net inflow of funds of $31.6 billion in the second quarter, led by significant foreign acquisitions of Canadian bonds in April and May.