Security concerns compel Ottawa to make 'most significant update' to Investment Canada Act in a decade

The amendments would help the government align with the “changing global dynamics” and address new threats that may rise from foreign investments, an allusion to worries in the West about China’s growing influence, the government said in a statement.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

to divest their stakes in Canadian miners, citing results of a multi-step security review. This took place after the federal government in late October said any attempt by a state-owned enterprise to purchase assets in Canada’s critical minerals sector could One of Champagne’s proposed amendments would require new filings from businesses in certain sectors prior to the implementation of the investments, giving the government a chance at an earlier stage to involve itself with transactions where there is risk of a foreigner gaining access to sensitive information.

In addition, the changes would bring stronger penalties against businesses that don’t comply with the act, as opposed to the existing ones that were established several decades ago and haven’t been revisited.

This is a joke.. With Chinese police and military on Canadian soil.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Security concerns compel Ottawa to make 'most significant update' to Investment Canada Act in a decadeInvestment Canada Act to get most significant update in decade to address new threats that may rise from foreign investments. Read on
Source: nationalpost - 🏆 10. / 80 Read more »

Security concerns compel Ottawa to make 'most significant update' to Investment Canada Act in a decadeInvestment Canada Act to get most significant update in decade to address new threats that may rise from foreign investments. Read on
Source: financialpost - 🏆 7. / 85 Read more »

Security concerns compel Ottawa to make 'most significant update' to Investment Canada Act in a decadeInvestment Canada Act to get most significant update in decade to address new threats that may rise from foreign investments. Read on
Source: fpinvesting - 🏆 43. / 63 Read more »

Critics say feds taking ‘scattergun’ approach to investment law reformsOttawa unveils heightened scrutiny measures in amendments to the Investment Canada Act
Source: TorontoStar - 🏆 60. / 55 Read more »

Canada promises to toughen up scrutiny of foreign investment, citing national security fearsOttawa aims to prevent intellectual property transfer before government has ruled on any proposed takeover More reactionary policy after another Liberal f*ck up This from a guy that has a mortgage on a British property through a Chinese bank. Here's an idea, no business ties allowed with the kidnapping regime in China is permitted by a MP let alone a cabinet minister. geez — what have you been doing about this so far ? Is this why you used to have personal mortgages for your properties with the Bank of China ?
Source: globeandmail - 🏆 5. / 92 Read more »