Canada is receiving foreign direct investment at twice the rate of the United States.
Posted by Power & Politics, Checked
- Sources
- 1 contradict3 support3 context
- Said
- 2 times·
- Confidence
- 40%
The MeidasTouch PodcastOct 22, 2026
The sources do not compute a comparable growth rate for Canadian versus U.S. FDI, so the 'twice the rate' comparison cannot be graded. Canada's 2025 FDI rebounded to roughly $93-97 billion, but TD reports first-half 2026 inflows of $44.7 billion, below the prior year's $54.7 billion, which cuts against the claim's direction for 2026; the U.S.
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What was said
… And let's be absolutely clear: what has been the consequence of that? The consequence of that is we're growing jobs at twice the rate of the United States. We're growing faster in the United States. We're getting foreign direct investment at twice the rate of the United States. Yes, we have big structural challenges, some in the steel industry, some in the auto sector, and we're addressing those together as partners. …
The MeidasTouch Podcast · · from the transcriptPost →What we found
Contradicts. TD Economics reports Canadian FDI inflows in the first half of 2026 at $44.7 billion, below the $54.7 billion of the same period in 2025, so the claimed growth is not visible in 2026 data.[2]
Supports. Canada's FDI inflows rose sharply in 2025 to about $93.0-96.8 billion, the highest level in over a decade, per Global Affairs Canada and Statistics Canada.[3][4][5]
Context. U.S. FDI rose about $266 billion in 2025 versus 2024 per Commerce Department data, and the U.S. was the top OECD FDI destination with about $100 billion of equity flows. Neither source gives a growth rate that can be set against Canada's.[1][6]
Context. The Globe and Mail quotes Carney saying foreign investment is running at twice the rate of the 'nearest G7 peer', which is not the U.S. specifically. It also notes the surge is mainly M&A-driven and that more than two-thirds of recent inflows came from the U.S.[7]
Sources
7 sources: 1 fact-checker, 6 not rated
- 1FactChecking Trump’s Midterm Convention Speechfactcheck.org · fact-checker · cited for: context
- 2FDI flows remain moderate, while foreign flows into Canadian ...economics.td.com · not rated · cited for: contradicts
- 3www.international.gc.ca · world-monde · storiesNavigating new currents: What Canada’s State of Trade 2026 ...international.gc.ca · not rated · cited for: supports
- 4State of Trade 2026: The rise of services in Canada's trade ...international.canada.ca · not rated · cited for: supports
- 5Recent developments in the Canadian economy: Spring 2026www150.statcan.gc.ca · not rated · cited for: supports
- 6FDI in Figures, April 2026 (EN)oecd.org · not rated · cited for: context
- 7Foreign money is flooding into Canada. But a closer look reveals ...theglobeandmail.com · not rated · cited for: context
Where this claim was made
Said in 2 published posts
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