By Robb M. Stewart
OTTAWA–Foreigners continued to add Canadian securities to their portfolios to start the year, boosted by purchases of government debt, even as Canadians reduced exposure to foreign securities after record investment the month before.
Nonresident investors in January purchased a net 8.88 billion Canadian dollars, the equivalent of $6.56 billion, in Canadian securities, Statistics Canada said Friday. The same month, Canadian investors sold C$7.59 billion in foreign securities.
As a result, international transactions generated a net inflow into the Canadian economy of C$16.47 billion in January.
A third consecutive month of foreign investment was focused in January on government debt securities. The agency said acquisitions of public sector debt securities totalled roughly C$21.3 billion for the month, the largest investment since November 2021, investment in federal government debt instruments…
