Foreign investment in Canadian stocks rebounded in September after the weak month of August

Net foreign investment in Canadian securities reached $ 7.70 billion in September, compared with $ 2.63 billion in August, the lowest of the year, due to increased purchases of money market paper, announced Friday Statistics Canada.

Despite skyrocketing, Canadian bond, stock and money market purchases by non-residents fell to $ 73.48 billion in the first nine months of the year. year, against 144.62 billion dollars for the same period of the previous year.

Foreigners bought $ 6.85 billion of money market instruments in September, the largest investment of its kind since October 2016, mainly in treasury bills and provincial government securities.

Non-residents also bought $ 1.18 billion worth of Canadian stocks, the lowest amount in four months, while selling $ 339 million worth of bonds.

Canadian investors resumed the acquisition of foreign securities in September with purchases totaling $ 10.59 billion, mostly non-US foreign instruments. This followed a $ 288 million divestment in August.