CROSS-BORDER SECURITIES FLOW DROPS
Statistics Canada reported that Canadian investors acquired $573 million in foreign securities in May, following a record $29.2 billion acquisitions in April. Purchases of U.S. government bonds were moderated by a divestment in U.S. corporate securities.
Meanwhile, foreign investors added $2.3 billion in Canadian securities, the lowest investment since January 2021. The activity mainly targeted debt securities of government business enterprises.