OTTAWA — Foreign investors increased their holdings of Canadian securities in May by $1.3-billion, Statistics Canada said Monday.
That was roughly in line with the expectations of analysts, who dismissed the report as fairly neutral.
Foreign investors concentrated on debt, purchasing bonds rather than stocks.
Canadian investors also focused on buying bonds as they increased their foreign securities holdings in May, the agency said.
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Canadians bought a net $3.5-billion in foreign securities in May, the highest level seen in 10 months.
Despite the slowdown in stock purchases in May, foreign investors have been net buyers of existing Canadian shares, with purchases totalling $6.3-billion since the beginning of this year.