Foreign investors acquired $46.9 billion of Canadian securities in March, the largest investment since April 2020. At the same time, Canadian investors reduced their holdings of foreign securities by $24.0 billion, following a $9.9 billion divestment in February.
As a result, international transactions in securities generated an unprecedented net inflow of funds of $70.9 billion in the Canadian economy in March. The inflow of funds totalled $119.7 billion in the first quarter, by far the largest amount ever observed since data have been compiled. This activity occurred against the backdrop of rising interest rates and prices and uncertainty related to the global geopolitical situation.
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