Canada: Foreign investment in Canadian securities amounted to $29.5 billion in May

"Foreign investment in Canadian securities amounted to $29.5 billion in May, mainly purchases of government debt instruments," the Statistics Canada announced on Monday.

Key highlights:

• Canadian investors increased their holdings of foreign securities by $4.4 billion, led by investments in US debt instruments
• As a result, international transactions in securities generated a net inflow of funds of $25.1 billion in the Canadian economy, a second consecutive large monthly net inflow of funds
• Since the beginning of the year, foreign acquisitions of Canadian securities have totaled $100.6 billion, compared with $82.0 billion for the same period in 2016