Investors added $11.8 billion of Canadian debt in the month, StatCan reported.
In particular, foreign investors added $8.4 billion worth of corporate bonds and $8.1 billion in federal government bonds. This was partly offset by a $2.0-billion reduction in provincial bond holdings and a $2.1-billion divestment from money-market instruments that primarily targeted corporate paper.
At the same time, foreign investors increased their exposure to Canadian equities, the report said, adding $9.8 billion worth of stocks in October.
Conversely, Canadian investors reduced their holdings of foreign securities for the first time since January.
In October, domestic investors dumped $15.6 billion worth of foreign equities, which was the largest divestment in the category since March 2022. Most of the monthly total — $11.1 billion — came from U.S. stocks, while the other $4.5 billion was in other foreign equities.
The selling of…
