Additionally, Canadian investment in US equities was robust, totaling $9.1bn in February, effectively offsetting a divestment of $7.7bn in January. The investments predominantly targeted large capitalization technology shares, coinciding with a 5.2 percent increase in the S&P 500 index.
However, there was a sell-off in non-US foreign shares, amounting to $2.7bn, following a $7.2bn divestment the previous month.
Conversely, foreign investors reduced their holdings in Canadian securities by $8.8bn in February, following three months of cumulative investments totalling $31bn.
This reduction was marked by a record divestment in Canadian government short-term debt securities, with foreign investors withdrawing $15.1bn. This included $11.8bn from federal government securities and $3.3bn from provincial government securities.
Despite these reductions, there was significant foreign…
