Canadian investors bought $6.19 billion of foreign securities in March, while non-residents purchased $6.85 billion worth of Canadian securities as financial markets improved, Statistics Canada reported Thursday.
Canadians bought $4 billion in mainly non-U.S. equities, which reflected continuing strong demand for foreign stock so far this year, the federal agency said. They also purchased up $2.4 billion of foreign bonds -- mostly U.S. -- in March.
Non-residents purchased $584 million in Canadian equities -- mainly bank, gold an technology-related stocks.
"Cross-border investment activity strengthened in March, as conditions on global financial markets appeared to be stabilizing," the federal agency said.
