July 17, 2024 12:44 GMT
Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt
CANADA DATA
- Foreign investment in Canadian securities was the third net acquisition in a row, led by debt instruments. While bonds drove the increase, corporate paper was at its highest since Dec 2022.
- YTD global investors have bought CAD110b of Canadian bonds compared with CAD57.6 billion over same period in 2023.
- Canadian investment in foreign securities +CAD3.9B driven by bonds. Purchases of US bonds slowed to +CAD0.8B from +CAD7.1B in April.
- Note Canadian purchases abroad hit a record CAD51.5b in Q1.
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