OTTAWA — Statistics Canada says foreign investment in Canadian securities totalled $24.0 billion in July, led by a record acquisition of Canadian bonds.
The total for the month reversed the sale of $858 million in Canadian securities by foreign investors in June.
Statistics Canada says non-resident investment in Canadian bonds totalled $23.8 billion in July, boosted by new issues of private corporate bonds in foreign markets.
Foreign investors also bought $8.0 billion of federal government bonds and $2.9 billion of provincial government bonds.
Non-resident investors sold $1.5 billion in Canadian money market instruments and increased equity investments by $1.6 billion in July.
Meanwhile, Canadian investors sold $1.8 billion in foreign securities in July as they reduced their holdings in foreign equities by $2.9 billion in July, but acquired $1.1 billion in foreign debt securities.
The Canadian Press
