U.S. direct investment in Canada's food and beverage industries is substantial
At the end of 2010, Canada was the largest destination for U.S. direct investment abroad in the beverage/tobacco industries ($7.8 billion) and the second largest in the food industry ($5.9 billion). Mergers and acquisitions involving large firms sometimes lead to large year-to-year changes in the U.S. direct investment position in Canada's food and beverage industries. In contrast, there is little U.S. direct investment in Canadian agricultural production or the Canadian tobacco industry. This chart is found in the ERS topic on NAFTA, Canada, and Mexico, updated March 2012.