Foreign Direct Investment
With estimated assets of $17 billion in 2018, Germany ranks 8th in foreign direct investment (FDI) in Canada. Canadian firms, on the other hand, hold $10.5 billion in assets in Germany.
Many multinational German companies are represented in Canada, including Bayer, BASF, Siemens, Daimler, Dr. Oetker, Mannesmann and Thyssen-Krupp. Overall, a total of 1,500 German business representations – or respectively 800 German companies – are spread throughout the country, the majority of which, however, are SME’s (small-medium-sized enterprises). Mississauga in Ontario is home to more than 300 German businesses and is therefore called the “German business centre” by locals in Canada.
By the same token, more than 120 Canadian owned companies have holdings in Germany. Notable investors include Rio Tinto Alcan, Research in Motion, CAE Electronics, Bombardier, Pratt and Whitney, Trizec Hahn and Magna.