Foreigners increased holdings of Canadian securities in February, led by bonds issued by government agencies such as Canada Mortgage & Housing Corp.
Purchases totaled a net C$6.08 billion ($5.53 billion) as investors added C$3.94 billion of agency bonds, the largest purchase of such securities since May 2009, Statistics Canada said today in Ottawa. Net purchases of bonds totaled C$2.18 billion, following two months of divestments.
Non-Canadians also purchased a net C$2.33 billion of money-market paper in February and C$1.57 billion of equities.
Canadians purchased C$6.03 billion in foreign securities in February, led by bonds. It was the biggest net purchase of foreign securities since November.
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