Foreign investment in Canadian securities strengthened for a third straight month in March, according to figures released Wednesday morning by Statistics Canada. The agency put the figure at $17.2 billion, and added that foreign acquisitions were mainly composed of securities issued by Canadian private corporations.
Meanwhile, StatsCan says, Canadian investment in foreign securities amounted to $2.3 billion and was led by U.S. corporate instruments.
As a result, Canada's international transactions in securities generated a net inflow of funds of $14.9 billion in March. For the first quarter, a record net inflow of $52.8 billion was recorded, led by sustained foreign investment in Canadian securities in all three months.
