Canadian investors also reduced their holdings of foreign securities by $1.9 billion: StatsCan

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Mario ToneguzziForeign investment in Canadian securities reached $6.1 billion in March, led by acquisitions of money market instruments, according to Statistics Canada.

In a report released on Thursday, the federal agency also said Canadian investors reduced their holdings of foreign securities by $1.9 billion, the first divestment in four months.

“In the first quarter of 2018, Canada’s international transactions in securities generated a net outflow of funds from the economy of $1.7 billion, following eight consecutive quarters of net inflows of funds,” it said.

“For the first quarter, foreign purchases totalled $18.3 billion, the lowest quarterly investment since the third quarter of 2015. … For the first quarter as a whole, Canadian investment in foreign securities reached $20.0 billion, led by strong purchases of foreign shares in January.”

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.


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