Posted AT 9:47 AM EST on 06/05/08
Foreign investment in Canada highest in 8 years
OTTAWA — Foreign direct investment in Canada surged in 2007, while Canada's direct investment in the rest of the world dwindled, Statistics Canada says.
Foreign direct investment climbed 14.4 per cent from 2006, the largest gain in eight years, as foreign investors snapped up Canada's factories, and oil and gas interests, Statscan said.
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