It says Canadian investors reduced their holdings of foreign securities by $1.2 billion, following four straight months of investment.
As a result, net inflows of funds from cross-border transactions in securities resumed in January, after two consecutive months of net outflows.
The agency says this is a return to the general trend observed since 2009, with foreign investment in Canadian securities exceeding Canadian investment in foreign securities.
Foreign investment in Canadian shares was $1.7 billion in January, after a $6.7 billion merger- and acquisition-related reduction in December.
Canadians reduced their holdings of foreign bonds by $3.3 billion in January on secondary market sales, while they bought $2.2 billion worth of foreign equities over the month.