The deficit of sales and acquisitions in Canada topped $24 billion between 2005 and 2007. The US, Great Britain and Canada are the only industrialized countries with a negative balance, measured by the value of the transactions. However, Canada's deficit is the largest, since it is equal to 7% of the market capitalization of Canadian companies and is three times the US deficit. Losing ownership of global players has also significant dynamic effects across the country. What is most worrisome in Canada is their very poor track record in strategic sectors such as knowledge industries, whose development is at the core of industrial policies.

Deficits