The amount reached $18.7 billion in the second quarter, according to Statistics Canada, the highest since the beginning of 2015. And, Canada’s current account deficit—which measures a country’s trade where its imports exceed the value of its exports—narrowed to $6.4 billion, the lowest since 2008. (The Logic)

Talking point: Overseas investment has been increasing steadily over the past year, despite an ongoing dispute with China that has included an investment pullback from many sectors of the Canadian economy. The strong quarter was largely driven by Colorado-based Newmont Mining’s US$10-billion purchase of Vancouver-based Goldcorp. On the account-deficit side, strong export numbers in motor vehicles and parts, as well as food products like fish and sugar, helped Canada hit the 11-year low. There was also positive news for the oil and gas sector, even though it has seen over US$30 billion in foreign oil company divestment in the past three years. Goods exports increased to $154.1 billion, mainly driven by energy products, which increased in price and volume of crude petroleum.