Canadian investments looked more attractive in all their forms to offshore buyers in October, according to figures released Wednesday morning by Statistics Canada.
The agency revealed that foreign investors acquired $22.1 billion of Canadian securities in October, marking the highest such investment in six months. At the same time, Canadian investors added $3.2 billion of foreign securities to their holdings, led by non-U.S foreign bonds.
As a result, Canada's international transactions in securities generated a net inflow of funds into the economy of $18.9 billion in October. This was led by strong foreign acquisitions of Canadian debt securities.
Foreign investment in Canadian securities was up significantly from $3.3 billion in September to $22.1 billion in October. Foreign investors added debt securities to their holdings and, to a lesser extent, equities.
Foreign investment in Canadian bonds reached $15.4 billion in October. This was almost evenly split between foreign acquisitions on the secondary market and new issues placed abroad. Activity on the secondary market was mainly in federal government bonds with foreign purchases totaling $7.4 billion.
Related Stories
