Canadian Resource Companies Investing Abroad at Record Levels

Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation’s energy and mining assets.

Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5 billion ($11.5 billion) outside of the country in the first three months of 2019. The exodus of Canadian capital from the sector in the quarter was almost double the previous quarterly record.