Statistics Canada says Canadian investors added $2.3-billion of foreign securities in January, a fourth straight month of increases to their holdings.
At the same time, the agency says, foreign investors acquired $1.1-billion of Canadian securities, led by equities.
As a result, cross-border transactions in securities generated a net outflow of funds for a second consecutive month.
Canadian acquisitions in the month focused on U.S. bonds and equities, but this activity was moderated by a reduction in Canadian holdings of U.S. money market instruments.
Canadian investment in foreign bonds totalled $1.5-billion and was again led by U.S. government bonds.
Foreign investors reduced their holdings of Canadian debt securities by $1.8-billion in January, following a $6.6-billion divestment in December.Report Typo/Error