Overall, offshore investors added $41.2-billion worth of securities in the month, led by $34.6 billion in debt securities. This marked the highest monthly total since the onset of the pandemic, when debt issuance soared.
Investors snapped up $12.3-billion worth of Canadian corporate bonds in April, along with $10.8 billion in federal government bonds, $9.8 billion in provincial government bonds and $7.3 billion in money market securities, StatsCan reported.
“While the latest StatsCan data deal with April, provinces continued to tap international markets in May and again in June, with non-resident purchases of this fresh paper to be picked up in future releases,” noted National Bank Financial Inc. in a research note.
Foreign investors added $6.6 billion of Canadian equities in April, StatsCan said.
“The investment in April was mainly in shares of the trade and transportation industries, as well as the energy and…
