Activities of multinational enterprises in Canada and abroad, 2023 (actual) and 2024 (preliminary)

The number of jobs at foreign and Canadian multinational enterprises (MNEs) operating in Canada edged down 0.1% from a year earlier to 5.20 million in 2024. Together, MNEs accounted for over one in three jobs (36.3%), nearly two-thirds (64.6%) of capital investment and the vast majority of merchandise exports (85.1%) within the Canadian corporate sector.

Outside of Canada, the value of assets held at Canadian majority-owned affiliates abroad rose 3.5% to $9.2 trillion in 2024, while employment (-0.5%) and sales (-1.7%) at these affiliates declined.

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