Foreign entities hold $2.6 trillion in Canadian assets

In oil and gas extraction and support activities, Chinese-controlled assets have expanded dramatically.

Foreign-controlled enterprises continue to hold a substantial $2.6 trillion in Canadian corporate assets, representing 13.9 per cent of the total economy, according to Statistics Canada data released this week.

The figure marks a 0.5 percentage point drop from the previous year and a longer-term reduction of 7.3 percentage points since 2010. However, the remaining level of overseas ownership raises ongoing concerns about Canadian economic sovereignty, particularly in manufacturing, natural resources and key financial activities.