Statistics Canada released foreign investment figures on Monday. Foreign securities purchases in Canada rose by C$5.73 billion in January, exceeding expectations for a gain by C$3.74 billion, after a drop by C$13.54 billion in December.

December's figure was revised up from a decline by C$13.55 billion.

Canadian investors sold C$10.8 billion of foreign securities in January, after buying C$13.89 billion in December.

Canada's international transactions were driven by lower oil prices, stock prices and a lower Canadian dollar.