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Canadians spent almost $13.2B in April investing in foreign securities and the bulk of that was in Foreign Stocks and Bonds. Canadian investors dumped money market devices (specifically US Government Treasury Bills was a big seller by Canadians).

This is the highest investment in foreign securities since 2001, which reflects the strength of the Canadian Loonie (for now).

What could this mean? Means, the Canadian economy continues to plow along nicely (for now). Foreign investment in Canada continues to be in Stocks with Foreign Investors dumping Canadian Bonds and Money Market facilities as well. Things might change if lending rates go up, so let's all hold our breath on that one!

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