Source: The Canadian Press

Non-residents added $5.5 billion of Canadian securities to their portfolios in July, on par with the amount acquired in June.

Statistics Canada reports Canadian bonds again accounted for the majority of foreign inflows.

Meanwhile, Canadians sold $3 billion in foreign securities, mainly U.S. federal government bonds.

Foreign investment in Canadian bonds slowed but remained robust at $5.2 billion in July as the Canadian dollar rose US 3.3 cents, the second largest monthly appreciation since July 2009.

Non-residents added $3.9 billion of outstanding federal government bonds to their portfolios, with a concentration on shorter term-to-maturity instruments.

Canadian private corporate bonds also attracted $1.7 billion of foreign inflows on secondary markets, driven by mortgage-backed securities.

In addition, non-residents purchased $966 million of Canadian money market instruments.