The Globe and Mail reports in its Saturday edition that foreign direct investment into Canada reached nearly $100-billion last year, the highest level of FDI since 2007 -- but much of that money comprises Americans buying Canadian companies. The Globe's Jameson Berkow writes that as Canada seeks to wean itself off its economic dependence on the United States, the fact that the surge in FDI dollars is mostly coming from south of the border raises the stakes for Prime Minister Mark Carney's inaugural Canada Investment Summit on Monday. The PM will pitch Canada as an attractive location for foreign capital. It is part of Ottawa's efforts to "catalyze" $1-trillion in investment over the next five years and embark on a multitude of nation-building projects. "There are a variety of types of FDI, and some are, frankly, more positive than others for the long-term health of the Canadian economy," BMO chief economist Doug Porter said in a report. Mergers and acquisitions are considered "the most controversial," as it is "bluntly, not always a net overall positive for the economy." Mr. Porter notes that FDI since the start of 2025 has been driven by M&A, followed by retained earnings, with new investments a distant third.