Foreign investment both to and from Canada increased in 2012, according to Statistics Canada data released today.
Direct investment by Canadian companies in foreign companies rose 5.5%, while foreign investment flowing to Canada increased 5.8%, thanks to higher investment from Europe and the U.S.
Canadian companies directed the most investment dollars to the U.S. and the U.K., but also increasingly in Norway, Chile and Australia.
The finance, insurance and management sectors got 52.9% of Canadian investment, followed by mining and oil and gas at 18.8%.
Investment in foreign manufacturing continued to drop. In 2012 it fell below 10% from a high of 31.9% in 2000.
