Financial business chart and economic development

Foreign investors piled back into Canadian securities in May, after two months of divestment, according to new data from Statistics Canada.

The national statistical agency reported that offshore investors acquired $10.2 billion worth of Canadian securities in May.

While foreign investors continued divesting Canadian equities, they added $12.9 billion worth of bonds during the month, StatsCan reported.

Federal government bonds were the primary recipient of foreign investment, as investors added $8.8 billion worth of these securities.

At the same time, foreign investors dumped $4.6 billion worth of equities during the month. This marked the third straight month of divestment from Canadian stocks, StatsCan noted.

Conversely, Canadian investors bought $4.1 billion worth of foreign securities in May. They also bought bonds and sold equities.

Domestic investors added $6.0 billion of foreign debt to their portfolios during the month, and sold $1.9 billion worth of foreign equities.

Overall, international securities transactions generated a net inflow of $6.1 billion to the Canadian economy in May, StatsCan said, pushing the total for the first five months of the year to $34.2 billion.