Quick Facts
(Source - Statistics Canada)
2003 - Percentage of operating revenues of Canadian industries that were from foreign-controlled companies:
- Manufacturing - 51.8%, - Oil and gas - 49.9%, - Finance and insurance - 23.7%,
2004 - Foreign-controlled profits soared to a record $68 billion in 2004, up 21.7% from the previous year.
2004 - Foreign-controlled corporations accounted for 21.9% of assets held in Canada, and 30.0% of operating revenues yet comprised less than 1% (approx. 8,000) of the total 1.3 million corporations in Canada. Assets of foreign-controlled corporations rose 8.3% to $1.1 trillion in 2004, while those of Canadian-controlled corporations rose 8.9% to $3.9 trillion.
2004 - Foreign-controlled corporations operating revenues in Canada averaged $96 million, compared with less than $2 million for their Canadian-controlled counterparts.
Foreign Controlled Corporations:
Assets in Year 2000 - 833,970 Million
Assets in Year 2004 - 1,090,526 Million
August 2006 (Source - ROBTV)
Foreign purchases in 2006: 34 Canadian companies purchased by foreign interests worth 62 Billion dollars, nearly 4% of Canada's Market value
number of Canada based fortune 500 companies
2005 - 66
2009 - 52 (one of them from the merger of suncor and petro Canada) most of the other 13 are from foreign takeovers.
Read more about this topic: Foreign Ownership Of Companies Of Canada
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