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Canada's Net Foreign Purchases Reached C$30.2 Billion In November

Statistics Canada announced that foreign net purchases of local securities amounted to 30.2 billion (CAD, the same below) in November last year, the highest amount since April 2020, and the 16th consecutive month of net purchases, an increase from the previous month. 7.9 billion. Among them, the investment amount of government debt securities listed on the exchange was up to 31.4 billion, and the debt securities of smaller private companies also reached 9.8 billion. Benefiting from the US stock market boom, foreign securities held by local investors also increased by 17.5 billion month-on-month. The continuous inflow of foreign capital into the local securities market may indirectly support the exchange rate of the Canadian dollar.
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