Offshore investors poured into Canada in August.
Figures released Monday by Statistics Canada revealed foreign investors in Canadian securities rose the month before last to $12.74 billion from $9.10 billion in July, led by acquisition of bonds on the secondary market
The agency revised July's purchases by non-residents from an initial $5.23 billion to reflect the late arrival of data.
Investors from other countries bought $8.97 billion in Canadian bonds, most of them corporate. They also invested $2.6 billion in stocks and $1.17 billion in corporate paper.
Foreign purchases of Canadian securities from January to August hit a record $108.14 billion, much higher than the $71.66 billion amassed in the first eight months of 2015.
Over the same period, Canadians' net investment in foreign securities plunged to $1.6 billion in August from $4.59 billion in July, as purchases of foreign stocks were offset by sales of bonds and money market paper.
