At the same time, Canadian investment in foreign securities increased to $14.9 billion, the largest investment since January 2018.

As a result, international transactions in securities generated a net outflow of funds of $11.0 billion from the Canadian economy in October.

From January to October 2018, portfolio investment generated a net inflow of funds in the economy of $4.8 billion, compared with $100.7 billion for the same period in 2017. Lower foreign purchases of Canadian government bonds combined with higher Canadian purchases of foreign bonds in 2018 explained the difference. Interest rates in the United States have increased by more than their Canadian counterparts so far in 2018.