Non-resident investors also increased their exposure to Canadian equities by $9.8 billion, down from the $14.9 billion added in September.
Meanwhile, Canadian investors cut their exposure to foreign securities by $2.6 billion, driven by the largest divestment of foreign shares since March 2022.
Canadians dumped $15.6 billion in foreign shares in October including $11.1 billion of US shares. Between January and September Canadian investors had acquired $43.3 billion in US shares.
They also increased their exposure to foreign debt securities by $12.9 billion, including $11.2 billion in foreign bonds. Pension funds fuelled a total $10.4 billion in acquisitions of non-US foreign bonds, the largest monthly investment on record. Foreign money market instruments acquired totalled $1.8 billion, mostly US government paper.
