Statistics Canada released foreign investment figures on Tuesday. Foreign securities purchases in Canada dropped by C$13.55 billion in December, missing expectations for a gain by C$5.35 billion, after a rise by C$4.30 billion in November. That was the highest divestment since June 2013.

November's figure was revised up from an increase by C$4.29 billion.

The divestment was driven by the weaker outlook for the Canadian dollar due to lower prices.

International investors sold C$7.05 billion of Canadian stocks, the highest divestment since February 2013.