CANADIANS INVEST IN FOREIGN SECURITIES AT A RECORD RATE
Statistics Canada reported that Canadian investors acquired a record $29.2 billion in foreign securities in April, offsetting a divestment of $25.2 billion in March. Buying activities focused on non-U.S. bonds and stocks, with Canadians concentrated on European shares, and to a lesser extent, Asian shares. Conversely, foreign investment in Canadian securities dropped to $22.2 billion from $46.5 billion in March. Foreign investors targeted private corporate bonds.