“We need to be more vigilant and this is going in that direction,” said Champagne, who described the proposed changes as the “most significant update of the law in more than a decade.”Article content
of the ICA that determines whether deals could be “injurious to national security,” requiring lengthy review.Article content Some of the sectors that the government will be keeping an eye on include critical minerals, artificial intelligence and businesses dealing with personal data, said Champagne.Article content
The bill also includes a provision that would allow the minister to disclose information about an investor to allies to support their foreign investment and national security reviews. Currently, information about a specific investor cannot be disclosed.Article content
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
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 »
Liberals propose changes to foreign investment screening to protect national securityOTTAWA — The Liberal government is aiming to address evolving national security concerns by proposing several changes to Canada’s investment screening law,…
Source: OttawaCitizen - 🏆 21. / 68 Read more »