Foreign investors bought CAD 7.7 billion of Canadian securities in September of 2018, following a downwardly revised CAD 2.6 billion in August and beating market expectations of CAD 0.3 billion. Non-resident investors increased their acquisitions of Canadian money market instruments by adding CAD 6.8 billion to their holdings, the largest investment since October 2016, mainly Canadian Treasury bills and provincial government paper. Foreign investors reduced their holdings of bonds by CAD 339 million, a second consecutive month of divestment, as sales of government bonds (CAD 7.4 billion), both federal and provincial, were partially offset by purchases of corporate bonds (CAD 7.0 billion). Meanwhile, investment in equities amounted CAD 1.2 billion, the lowest investment in four months. Meantime, Canadian investor bought CAD 10.6 billion of foreign securities, mainly on non-US foreign instruments. Foreign Stock Investment in Canada averaged 4506.19 CAD Million from 1988 until 2018, reaching an all time high of 38935 CAD Million in February of 2017 and a record low of -24129 CAD Million in October of 2007.
Foreign Stock Investment in Canada is expected to be 11066.86 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Stock Investment in Canada to stand at 10167.07 in 12 months time. In the long-term, the Canada Foreign Stock Investment is projected to trend around 10170.11 CAD Million in 2020, according to our econometric models.