Classify each of the following as direct or portfolio foreign investment.

a. Lululemon (a Canadiancompany) builds new factories in Cambodia:(Click to select)direct investmentportfolio investmentneither type of investment.

b. A Canadian hedge fund purchases 30 percent of the shares of a Brazilian paper manufacturer:(Click to select)direct investmentportfolio investmentneither type of investment.

c. Mercedes-Benz (a German company) builds a new manufacturing plant in Ontario:(Click to select)neither type of investmentportfolio investmentdirect investment.

d. Hudson's Bay (a Canadian company) sets up a new call centre in India:(Click to select)direct investmentportfolio investmentneither type of investment.

e. A British chocolate maker buys a smaller Canadian rival:(Click to select)neither type of investmentdirect investmentportfolio investment.

f. Fairmont Hotels (a Canadian company) builds a new resort in Nova Scotia:(Click to select)direct investmentportfolio investmentneither type of investment.