“Foreign investment in Canadian securities totalled $7.7 billion in September, mainly acquisitions of money market instruments,” Statistics Canada reported on Friday.
Key takeaways from the press release
- At the same time, Canadian investment in foreign securities resumed to reach $10.6 billion, led by purchases of non-US instruments.
- As a result, international transactions in securities generated a net outflow of funds of $2.9 billion from the Canadian economy in September.
- For the third quarter, portfolio investment generated a net inflow of funds in the economy of $2.4 billion, the lowest in nearly three years.
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