CANADA DLR DRIVEN BY FOREIGN BUYERS - WILSON

  Finance Minister Michael Wilson said
  large inflows of capital into Canada, principally into the
  country's bond market, is a major reason behind the sharp
  recovery in the Canadian dollar.
      He said the inflow of funds, mainly from Japan, Europe and
  the United States, is the result of "confidence in the
  direction this country is going in."
      "That is the reason why the (Canadian) dollar today is
  higher than 75 cts (U.S.) compared to this time last year (when
  it was) a little over 69 cts," Wilson told the House of Commons
  daily question period.
      Figures released this week show foreigners purchased a
  record 23.1 billion dlrs of Canadian bonds in 1986, more than
  double the previous year, with Japan investing a record 9.5
  billion dlrs in the market.
      Wilson was responding to opposition party questions about a
  possible loss of jobs from the rise in Canadian investment
  abroad. Canadian investment, including the buying of foreign
  companies, stocks and bonds, rose to 12.53 billion dlrs from
  6.19 billion dlrs in 1985.
      The minister said the flow of funds from abroad would
  generate many new jobs in Canada.
  

