Our net direct investment position shrunk for the first time since 2012, with foreign direct investment rising $103B Y/Y (up 7%) - largely driven by the wave of M&A we saw through 2025…

… that’s continued through the start of 2026, while international M&A activity from Canadian companies has slowed - particularly in the US…

… resulting in a 3% gain in direct investment abroad, the lowest reading since 2010.

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