Foreigners Bought C$30.15 Billion in Canadian Securities in November

By Kim Mackrael

OTTAWA--Foreign investment in Canadian securities accelerated in November, with purchases reaching their highest level since the spring of 2020.

Nonresident investors purchased a net 30.15 billion Canadian dollars, or the equivalent of $24.01 billion, in Canadian securities in November, Statistics Canada said Monday. In the previous month, foreigners added a revised C$22.30 billion in Canadian securities.

Statistics Canada said the November purchases by foreign investors were largely concentrated in federal government debt securities and private corporate debt securities.

Meanwhile, Canadian investors purchased a net C$17.52 billion in foreign securities, compared with C$5.41 billion in the previous month. The November purchases were led by acquisitions of U.S. shares.

As a result, international transactions generated a net inflow of funds into the Canadian economy of roughly C$12.63 billion in November.

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

Write to Kim Mackrael at [e-mail]

(END) Dow Jones Newswires

01-17-22 0917ET