Foreign investors acquired C$20.7 billion of Canadian securities in July 2026, below the forecast of C$28.64 billion and down sharply from C$41.25 billion in June. Activity was led by strong foreign purchases of federal government bonds, which totaled C$22.7 billion. Since the beginning of the year, foreign investment in federal government bonds has reached an unprecedented C$104.0 billion, compared with C$13.8 billion over the same period in 2025. Consequently, the share of outstanding federal government bonds held by foreign investors rose from 40.2% to 46.5% during the first seven months of 2026. Meanwhile, a C$11.9 billion foreign divestment in money market instruments moderated overall investment, primarily involving private corporate paper (-C$7.6 billion) and federal government paper (-C$3.2 billion). Foreign investors also acquired C$7.2 billion of Canadian shares, the largest monthly investment of 2026.