$19B leaves Canada on record foreign equity investment
On a net basis security flows were down big in February, with $6B of foreign investment and $25B of Canadian investment abroad - nearly all of which ended up in the US, with a record $33M of demand for equities (mostly big tech). That carried another big outflow from US paper, government bonds in particular - which lost another $13B during the month. Here at home, foreign demand for equities flipped negative after two previous inflows - with resources names leading the $9B outflow. The appetite for Canadian paper remains healthy, with the $23B inflow spread evenly across public and private issuers.
