But Houlden said heightened geopolitical tensions between the countries are also a “significant” factor, which could be nudging state-owned enterprises away from placing bets in Canada.
Chinese investors have shied away from Canada after making an ambitious push into the country in 2010 as part of the Communist Party’s “going out” strategy, in which it sought to rapidly build up its international asset base through strategic acquisitions.But many of those investments have gone sour, most notably the high-profile acquisition of Canadian oilsands giant Nexen by China National Offshore Oil Corp., a state-owned enterprise.
Ottawa in 2018 rejected the proposed $1.5-billion takeover of construction giant Aecon Group by a Chinese firm, citing national security concerns. China lashed out at Canada for its “politicization” of the issue. Some experts warn that Chinese firms, and particularly SOEs, can be used as a tool by the Chinese government to forward its foreign policy aims.A House of Commons committee in recent weeks studied potential changes to the Investment Canada Act, which oversees the review of foreign takeovers. Several witnesses suggested a moratorium on Chinese investment into Canada for the duration of the COVID-19 pandemic, citing security concerns.
Good!
A good warm up for Canadian business to ween itself off CCP money. Much of it is Trojan horse investment.
Good get rid of them
Good riddance
Good
Who cares. Eff them and their cheap plastic shit product. Toss out all the students with Huawei and lock them out. If all countries did this, China would be brought to its financial knees in months. The world needs to grow a pair.
Good, actually great!
Will they stop sending pregnant women to live in Canada long enough to have a baby and get a canandian passport too?
Good! Fuck China! The world should stop Chinese investment! Period!
Money talks, bullshit walks. Investors don’t care about Huawei, Canada’s just not a good investment right now. Fed government works against our natural resources sector which is largest area of foreign investment. Bah, why do I bother?
Hope they pull out all their money and buisness and we can replace them with better suitors
Ban Chinese investments to Canada and Canadian investments to China till our hostages released
That's good news. We don't need China stealing anything else from us.
Good sign! Will they start divesting of all that Vancouver and Toronto real estate too? Will Canadians once again be able to afford a home in their own city?
that's a good thing. stop selling canada off.
China, a market of 1.4 billion population stops buying Canadian beef, pork, wheat, soy, raw materials. Wonder how much $$$$ that is and when all the whining will start?
Good, good.
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As Bob Rae said yesterday, any government should not do things without consideration for its consequences.
That’s fine we don’t want them , good bye China
Best to get it over & done with! With China it’s No pain no gain!
Good. That means the real estate market will drop too. A lot of condo buildings in the Golden Horseshoe and around Vancouver are owned by the Chinese markets.
I would think that most Canadians would welcome no Chinese investment in Canada at all.
This should be good for real estate long term in Vancouver and Toronto. Gonna have to increase that $343 billion deficit.
We're paying the price for the decisions made by the US
Any country that allows itself to be used as a proxy for another country’s wars will be destroyed. Canada is the new Yemen.. proxy for the US/China trade war.
Good
Boycott, divest, and sanction the CCP.
Excellent
But, how many huge infrastructure contracts does China still hold in Canada?
Why invest in Canada?