Foreigners made their biggest purchase of Canadian securities in six months in October, including a record acquisition of corporate money-market paper.
Net purchases totaled C$22.1 billion ($16.1 billion), up from September’s C$3.35 billion, Statistics Canada said Wednesday in Ottawa. Foreign investors bought C$15.4 billion of bonds in October led by C$10.2 billion of government securities.
Purchases of money-market paper totaled a net C$3.11 billion, including a record C$5.58 billion of short-term debt from private corporations. Global investors also divested C$1.71 billion of paper issued by provincial and municipal governments.
Non-residents also bought a net C$3.54 billion of Canadian stocks in October, Statistics Canada said.
The gains in October brought purchases of Canadian securities from non-resident investors to C$97.5 billion in the first 10 months of the year. That’s up from C$84.1 billion in the same period of 2014.
Canadians bought a net C$3.23 billion of foreign securities in October.