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Provincial bonds get record attention from foreign investors: StatsCan

James Langton Foreign investors piled into provincial bonds in record numbers in January, according to new data from Statistics Canada. The latest data on international securities transactions showed a net outflow of $2.3 billion in January, as foreign investors added just $1.3 billion worth of Canadian securities during the month and Canadian investors bought $3.5 billion worth of foreign securities. While foreign investment was at its lowest level in six months, purchases of provincial bonds hit a record, although that was largely offset by foreign investors selling federal debt. “Foreign investors added a record $10.3 billion of provincial government bonds to their portfolios in January, led by primary market activities,” StatsCan reported, noting that Canadian provinces issued $8.7 billion worth of debt on international markets, mainly in U.S.-dollar denominated bonds.

Auto cos to pay max Rs 1 crore penalty for mandated recall of faulty vehicles

Alert! Cheque books of THESE 7 banks will be invalid from April 1

Highlights If a customer has an account in any of these 7 banks, then quickly check for a new cheque book and IFSC code. Dena Bank and Vijaya Bank have merged with Bank of Baroda on April 1, 2019. From April 1, only cheque books and passbooks of Bank of Baroda will run in them. Come April 1, 2021, there will be changes for bank account holders as the cheque books and passbooks of seven banks will become invalid. These banks are those whose mergers with other banks took effect from April 1, 2019, and April 1, 2020, and their names are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.

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