Skip to main content

The Globe and Mail

Canadians bought $7.9-billion in foreign securities in March: Statscan

Canadian dollars, or loonies, sits on their American counterparts in this file photo.

Paul Chiasson/THE CANADIAN PRESS

Statistics Canada says Canadian investors acquired $7.9-billion in foreign securities in March, the largest such outflow of funds since November 2012.

The agency says foreigners, meanwhile, reduced their holdings of Canadian securities by $1.2-billion, the first monthly divestment this year.

It says the moves led to a net outflow of $9.1-billion from the Canadian economy in March on portfolio transactions and $10.4-billion for the first quarter of 2014.

Story continues below advertisement

Canadian investment abroad was led by investments in foreign equity markets, while foreign investors continued to reduce their exposure to Canadian debt instruments.

Canadian investment in foreign shares totalled $6.4-billion in March, the highest recorded since April 2007.

These investments mainly targeted non-U.S. equities.

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨