January 17, 2025 14:11 GMT
CANADA DATA: Foreign Investors Piled Into Canadian T-Bills In November
CANADA DATA
- Foreign holdings of Canadian securities increased a further C$16.4bn in Nov after two strong months of C$21.6bn in Oct and C$29.7bn in Sept.
- The press release notes it was led by “an unprecedented investment in money market instruments”.
- Indeed, the C$15.3bn of net purchases in T-bills dwarfed the next largest single monthly increase of C$11.8bn from May 2023.
- It saw net foreign investment in Canadian government bonds sum to C$108bn in the first eleven months of the year vs the previous recent high of C$81bn at this point in 2020. The federal govt bonds equivalent sums to C$89bn vs a previous high of C$52bn.
- Canadian investors meanwhile increased their holdings of foreign securities by C$17.8bn in Nov, the most since Mar 2024.
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