Canadian investors bought the most in U.S. Treasuries of any country in May, according to Statistics Canada. The majority of that capital went to “US corporate bonds (+$11.0 billion), led by a record investment of $6.9 billion in Canadian dollar-denominated instruments.”
“Canadian holdings of foreign equity securities increased by $11.0 billion in May. This activity was led by purchases of US shares (+$16.0 billion), mainly of the technology sector,” reads the report.
