It says Canadians bought $4.4 billion worth of foreign securities, mainly bonds.
Canadian investment in foreign securities has exceeded foreign investment in Canadian securities in three of the last four months.
Non-residents reduced their holdings of Canadian equities by $11.6 billion in February, the biggest divestment since October 2007.
Cross-border mergers and acquisitions accounted for most of the reduction, as non-resident portfolio investors rendered their Canadian shares to foreign direct investors.
Foreign acquisitions of $1.8 billion worth of Canadian shares on the secondary market moderated the overall divestment.