NOTES:
* Numbers have been rounded. Percentages may not add to 100.00 due to rounding.

Direct Investment represents the investment which allows an investor to have a significant voice in the management of an enterprise operating outside his own economy. For operational purposes, a direct investor usually has an ownership of at least 10 per cent in an enterprise.

An enterprise comprises Subsidiaries (direct investor owns more than 50 per cent), Associates (direct investor owns 50 per cent or less) and Branches (wholly or jointly-owned unincorporated enterprises).

Control generally includes subsidiaries and branches, but may also include enterprises, on a case-by-case basis, with between 10 per cent and 50 per cent ownership by one company, group or individual where Statistics Canada ascribes the exercise of effective control.

Direct Investment is measured as the total of the equity, long term claims and the short term claims of non-bank enterprises of the direct investor in the enterprise. It does not include bonds, bank loans or portfolio investments.

The information is obtained by Statistics Canada from an annual census survey whose coverage is updated from current information and validated against administrative data. The coverage is believed by Statistics Canada to be reasonably complete.

The most recent year is projected on the basis of capital flows obtained from a quarterly sample survey and information on market developments (which include corporate reorganizations, exchange rates and other factors).