At the same time, Canadian investors reduced their holdings of foreign securities by $652 million, on large sales of US shares.

Foreign investment in Canadian securities amounted to $9.1 billion in April and mainly targeted the Canadian bond market.

Foreign investors resumed their acquisitions of Canadian bonds in April by adding $8.8 billion worth to their holdings, following four straight months of divestment. The activity in the month reflected foreign purchases of corporate bonds moderated by sales of government bonds.