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August 13, 2018FOREIGN CONTROL IN CANADIAN ECONOMY 2016 The value of foreign-controlled assets in Canada increased 1.3 per cent in 2016, a slower pace than the growth of Canadian-controlled assets at 6.1 per cent. The share under foreign control in 2016 was 16.2 per cent of total assets, 27.8 per cent of operating revenue and 17.3 per cent of operating profits. The share of foreign-controlled assets has declined over the past ten years from 21.6 per cent of assets in 2007 to 16.2 per cent in 2016. The share of foreign-controlled operating revenues and profits have also declined since 2007.
Enterprises from the United States, the United Kingdom, the Netherlands, France, Germany and Japan accounted for 79.1 percent of foreign-controlled assets in Canada in 2016. US-controlled enterprises account for the largest share at 52 per cent of foreign assets.
The share of foreign-controlled assets by region show a declining share controlled by enterprises in the Americas and Europe, but a rising share for Asia. From 2007 to 2016, the Americas' share has declined from 57.5 per cent to 54.1 per cent and Europe's share declined from 34.1 per cent to 32.0 per cent. Asia's share increased from 7.6 per cent in 2007 to 12.3 per cent in 2016 while the Oceania and Africa share increased from 0.8 per cent to 1.6 per cent.
Source: Statistics Canada, Foreign control in the Canadian economy 2016
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