OTTAWA (Reuters) - Net foreign investment in Canadian securities surged to C$11.5 billion in June from C$3.0 billion in May as non-residents bought Canadian bonds at the fastest pace in seven months, Statistics Canada said on Friday.
Foreigners bought C$11.7 billion in bonds, the highest since November 2017, led by the purchase of corporate bonds, while they sold government bonds.
Foreign investors also increased their holdings of Canadian equities, buying C$1.5 billion in June after a C$2.8 billion divestment in May.
Canadian investment in foreign securities rose to C$11.3 billion in June, which was the largest investment since January. It included the purchase of bonds and stocks.
Reporting by Fergal Smith; Editing by Bernadette Baum