The share of foreign controlled assets in Canadian economy hit a 10-year low in 2014, according to Statistics Canada.
From 2005 to 2014, asset shares remained relatively stable, fluctuating from a high of 21.6% in 2007, to a low of 18.1% two years ago. The figure has steadily declined from 19.2% in 2010.
Of the $1.958 trillion in assets under foreign control, the U.S. is responsible for close to half, at 49.5%. The United Kingdom holds the second-largest share of foreign-controlled assets at 13.8%, followed by the Netherlands at 4.9%. Japan holds the largest share of all Asian countries, at 4.4%.
Foreign control in oil and gas extraction, and support activities, rose to 38.5% from 34.3% between 2010 and 2014. Foreign control also rose in construction (to 7.8% from 6.5%), in wholesale trade (to 48.4% from 44.1%) and in information and cultural industries (to 8.2% from 6.4%).
Foreign control of assets relating to the renting, leasing, management or appraisal of real estate dropped to 5.9% in 2014 from 8% in 2010.
Canada regained majority control over its manufacturing sector with a 50.4% market share in 2014. In 2010, 52.5% of manufacturing assets were under foreign control.
