The monthly record total was driven by investors buying $23.2 billion of foreign equities, including $18.9 billion worth of U.S. equities — primarily large-cap tech stocks.
Additionally, investors added $4.6 billion worth of U.S. government and corporate bonds, and $8.2 billion in non-U.S. foreign bonds, largely government bonds.
Canadian investors have invested almost $130 billion in foreign securities over the latest 12 months, National Bank Financial Inc. said: “High-yielding U.S. Treasuries, other foreign bonds, and ample American stocks have been scooped up.”
At the same time, foreign investors bought $14.4 billion of Canadian securities in March, more than reversing a $4.3-billion divestment in February, StatsCan said.
The foreign buying all came in Canadian debt securities in March, as investors added $17.9 billion worth of these instruments — including $6.7 billion in federal debt, $4.0 billion of…
