Here is the original link of Statistics Canada: Foreign control in the Canadian economy, 2024

• Canadian-controlled share of total corporate assets in Canada increased by 0.5 percentage points to $16.2 trillion in 2024, representing 86.1% in total assets

• US firms remain the dominant foreign presence, Japan ranked second, followed by the UK at 6.6%

• In total, enterprises from 93 countries held assets in Canada in 2024, though eight countries alone accounted for 86.3% of that foreign-owned total.

• Share of assets owned by foreign-controlled enterprises in the Canadian economy has steadily declined since 2010 and continued in 2024 as the number reaches 13.9%

Archived link

Foreign ownership of Canadian corporate assets fell again in 2024 as domestic enterprises outpaced overseas rivals in asset growth, new government data shows.

The foreign-controlled share of total corporate assets in Canada dropped 0.5 percentage points year over year, continuing a trend that has now stretched 14 years, according to Statistics Canada’s annual report under the Corporations Returns Act.

Canadian-controlled enterprises held $16.2 trillion in assets last year, representing 86.1% of the country’s total corporate asset base. Foreign-controlled enterprises accounted for the remaining $2.6 trillion, or 13.9%. Together, all enterprises operating in Canada held $18.8 trillion in combined assets, up 5% from 2023.

The gap widened because Canadian-controlled assets grew 5.6% over the year, while foreign-controlled assets expanded just 1.5%. Since 2010, the foreign-controlled share of assets has fallen by 7.3 percentage points in total.

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