Staff
Statistics Canada reports that foreign investment in Canadian securities increased to $6.3 billion in March, split equally between bonds and stocks. In addition, foreign investors directed $8 billion into the secondary market, the largest amount in a year.
Non-resident investment in federal government bonds was $3.8 billion, concentrated on medium-termtomaturity bonds, following greater focus on short-term bonds over the previous two months.
In contrast, Canadian investors posted net sales of $1.7 billion in foreign securities in March. They sold $2.3 billion worth of bonds and $700 million in foreign money market paper, compared with$1.3 billion in stock purchases.