ANALYSIS: Questions Remain About Foreign Investment in Canada Despite Freeland’s Praise

Published on November 29, 2023

While Ottawa aims to attract foreign capital and Finance Minister Chrystia Freeland recently touted this year’s foreign direct investment (FDI) performance in Canada, issues still exist as productivity has nosedived and the business and regulatory environment has for some time been blamed for not being conducive for investment. “Because of our economic plan, Canada is now a global investment destination of choice,” Ms. Freeland told the House of Commons on Nov. 21 when she unveiled the government’s fall economic statement. “In the first half of this year, Canada received the third-most foreign direct investment of any country in the entire world—and more investment per capita than any of our G7 allies,” she said....