OTTAWA (CP) - Canadian firms increased their capital investment in machinery and equipment at home at more than twice the pace of foreign-controlled firms between 2000 and 2004, says Statistics Canada.
"As a result, foreign companies represented a slightly lower share of total capital investment in Canada in 2004," the agency said Thursday.
The figures refer to investment in machinery, equipment and non-residential structures, and not to investment in equities, bonds or money markets.
"Foreign-controlled companies invested $39.5 billion in the country in 2004, up 5.8 per cent from nearly $37.3 billion in 2000," the agency said.
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