Foreign investment in Canadian securities amounted to $19.6 billion in November, mainly purchases of Canadian bonds. Meanwhile, Canadian investors reduced their holdings of foreign securities by $4.6 billion, following strong acquisitions in October.

Non-resident acquisitions of Canadian bonds stood at $17.8 billion in November. Foreign investors acquired $8.8 billion of federal government bonds, the fifth consecutive month of strong investment. From July to November, foreign acquisitions of federal government bonds have totalled $36.6 billion, compared with a divestment of $7.9 billion in the first half of the year (January to June). Non-resident investors also added $6.6 billion of private corporate bonds to their holdings in November. Canadian long-term interest rates were down by 16 basis points in the month.