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Statistics Canada: Foreign investment up by $6.1 billion

Staff writer |
Statistics Canada says foreign investment in Canadian securities grew by $6.1 billion in February and this was matched by Canadian purchases of $6 billion in foreign securities.

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Statistics Canada says non-residents bought $2.2 billion in Canadian bonds, following two straight months of divestment.

Foreigners invested $2.3 billion in the Canadian money market, with purchases diversified across all sectors, except the federal government. Foreign investors also put money into the Canadian stock market in February, buying $1.6 billion worth of equities.

Canadian acquisitions abroad targeted a broad range of foreign securities, led by bonds. Canadians put $2.7 billion into foreign bonds, mainly in foreign currency-denominated instruments.

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