Rising Foreign Investment in Canada Doesn’t Tell the Whole Story, Economists Say

Bay Street in Canada's financial district is shown in Toronto on March 18, 2020. The Canadian Press/Nathan Denette

Statistics Canada says the flow of foreign direct investment into the economy came close to a two-decade high last year, while economists caution the volume of capital entering Canada isn’t the only metric that matters.

Agency data released last week shows foreign direct investment, or FDI, hit $96.8 billion last year, the highest level recorded since 2007.