OTTAWA - Foreign investment in Canadian securities, particularly bonds, remained strong in November and was on track to hit an annual record, Statistics Canada data indicated on Friday.
International investors bought a net $19.56 billion in Canadian securities after acquiring $20.77 billion in October.
In the first 11 months of 2017, foreign investors snapped up $190.35 billion in Canadian securities, up from $161.10 billion over the same time frame in 2016. The previous yearly record for purchases was the $171.77 billion in 2016.
Non-residents bought $17.75 billion worth of Canadian bonds, around half of which were federal bonds, and $2.32 billion in money market paper. They sold $507 million in stocks.
Canadians sold a net $4.59 billion of international securities in November, the first divestment in four months. Record sales of $5.77 billion of U.S. shares were moderated by purchases of other foreign stocks.