February 17, 2025 14:42 GMT
CANADA DATA: Foreign Demand For GoCs Ended 2024 On The Same Strong Note
CANADA DATA
- Foreign investment in Canadian securities in Dec. increased by CAD14.4B led by debt securities. Foreigners bought CAD13.9B of Federal government bonds, the highest since April 2020, to held offset the first drawdown in Canadian corporation bonds since Oct 2023.
- Canadian investment in foreign securities slowed to CAD3.8B from CAD17.6B in Nov. mainly due to debt securities.
- After two straight months of significant investments totalling CAD24.9B, Canadian investors sold CAD4.1B in US government bonds, the largest divestment since May 2023.
- In 2024, foreign investors bought 192.9B of Canadian securities led by record demand for federal government (+CAD100.3B) and corporate (+CAD78.9) bonds. Foreigners continued to sell equities for a second year in a row, CAD7.6B in 2024 mainly due to share retirements from acquisition activities after CAD48.3B in 2023.

125 words