By Robb M. StewartOTTAWA--Canadian investment in foreign securities hit a record high in March with a focus on equities and investment fund shares, while foreigners increased their exposure to Canadian securities after selling down positions the month before. Canadian investors in March bought an unprecedented 35.61 billion Canadian dollars, the equivalent of $26.15 billion, in foreign securities, Statistics Canada said Friday. It came after Canadians picked up C$24.16 billion in foreign securities the month before. For the month, nonresident investors bought C$14.37 billion in Canadian securities, more than making up for C$4.28 billion in securities sold in February. Foreign investors in March resumed buying Canadian debt securities, picking up C$17.91 billion of the instruments, including both federal and provincial debt and private corporate bonds.

Source: Wall Street Journal May 17, 2024 13:17 UTC