Canadians Bought C$17.85 Billion of Foreign Securities in November, the Most Since March

By Robb M. Stewart

OTTAWA--Canadian investors increased their holdings of foreign securities in November with the biggest investment in eight months, while foreigners added Canadian securities with unprecedented buying of money market instruments.

Canadians bought 17.85 billion Canadian dollars ($12.4 billion) in foreign securities, the highest investment since March and a switch after C$2.65 billion in foreign securities were offloaded the month before, Statistics Canada said Friday.

Nonresident investors in November purchased a net C$16.40 billion in Canadian securities, led by the buying of debt securities, the data agency said.

As a result, international transactions generated a net outflow from the Canadian economy of roughly C$1.4 billion.

The monthly international securities report covers a portfolio of transactions in equity and investment fund shares, bonds and money market instruments for both Canadian and foreign issuers. The activity excludes transactions in equity and debt instruments between affiliated enterprises.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

01-17-25 0920ET