Foreign direct investment rising in the mining, oil and gas industry
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The share of foreign direct investment in Canada going into the mining, oil and gas industry has grown from 12.8% in 2001 to 16.4% in 2010. Manufacturing remains the top industry for foreign direct investment, at 34.8% in 2010; however, that's down from 42.9% in 2001. Direct investment is when a company owns at least 10% of the voting equity in a foreign enterprise.
The stock of foreign direct investment in Canada totalled $561.6 billion in 2010, up 2.6% from 2009, led by higher year-end positions with the United States, which rose 5.1% to $306.1 billion. From all other countries combined, direct investment declined 0.3% to $255.5 billion.
At 54.5%, U.S. investors' share of direct investment in Canada was up for the first time since 2004; it was 64.6% in 2001. At 9.2%, the Netherlands has been the second-largest direct investor since 2008. The third-largest in 2010 was the United Kingdom, at 7.5%. The share coming from the Asia and Oceania region has grown from 4.5% in 2001 to 11.2% in 2010.
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