Foreigners bought C$11.77 billion ($8.78 billion) worth of Canadian securities in September, setting a new record for investment for the first nine months of the year, Statistics Canada said on Thursday.
Non-resident investors snapped up C$11.48 billion worth of bonds, primarily in new issues placed abroad by Canadian private corporations. They also bought C$5.69 billion worth of stocks while selling C$5.40 billion in money market paper.
Foreign purchases of Canadian securities from January to September hit an all-time high of C$119.92 billion, much greater than the C$82.37 billion amassed in the first nine months of 2015.
At the same time, Canadians invested a net C$1.81 billion in foreign securities. Purchases of non-US foreign shares hit C8.64 billion, the highest monthly total since December 2000, but were largely offset by sales of bonds and US equities.
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