Foreign Control in Canada’s Economy Is on the Decline: StatCan

A seaplane prepares to land on the harbour as gantry cranes used to load and unload cargo containers are seen at port, in Vancouver on April 25, 2023. The Canadian Press/Darryl Dyck

Foreign control in Canada’s economy has been steadily declining over the last 10 years, according to numbers released by Statistics Canada.

In 2021, combined foreign and Canadian-controlled enterprises in the country were worth $15.9 trillion in assets, Statistics Canada said in a report released on Oct. 23. Of that, $13.6 trillion were Canadian-controlled (85.1 percent) and $2.4 trillion were foreign-controlled (14.9 percent). That represented a drop in foreign-controlled assets of nearly 5 percent, down from 19.8 percent in 2013.