Canada's Outdated Investment Laws Threaten Future Prosperity

  • 📰 TheHillTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 79%

Economy Notícia

Canada,Investment Canada Act,Foreign Investors

Canada's outdated Investment Canada Act makes it easy for foreign investors to buy up the country's best start-ups and small companies, leading to lost jobs, exports, innovation, and productivity. This leaves Canada ill-prepared for the new world of knowledge competition and data ownership.

TORONTO—Canada is selling off its future—and we will pay a big price in lost jobs, in lost exports, in lost innovation, in lost productivity, in lost wealth creation to finance our healthcare and education, and in lost potential. In fact, we already are, leaving us ill-prepared for the new world of knowledge competition and data ownership.

But, as Ciuriak argues, firm size is not the relevant issue when “the important factors for the economy are the intellectual property controlled by the foreign firms, the implications of the foreign investment for freedom to operate for Canadian firms, the connectedness of target firms within the Canadian innovation ecosystem, the importance of the nodes they occupy in the ecosystem, the value of their data as a capital asset, and as a risk factor for national security, and their AI...

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Canada to toughen foreign investment rules for AI, space technologyCanada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Canada's BMO partners with Carlyle to launch investment fundBMO Global Asset Management's partnership is a part of BMO's push to make private markets - traditionally available to only large institutional investors...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Vancouver top city in Canada for commercial real estate investment, says reportWhile sentiments towards investment are rosy, the dollar volume of transactions fell by nearly half in 2023
Fonte: BurnabyNOW_News - 🏆 14. / 77 Consulte Mais informação »

OSC probes Emerge Canada after investment manager shut down fundsInvestor advocate says unitholders should question where auditor, regulators were as Emerge’s financial condition declined
Fonte: globebusiness - 🏆 31. / 66 Consulte Mais informação »

China's Ambassador Criticizes Canada's Crackdown on Chinese InvestmentChina's ambassador expresses disagreement with Canada's restrictions on Chinese investment in the domestic mining sector. He argues that politicizing commercial cooperation and using national security as a pretext for interference is wrong. Chinese investment in Canada's mining sector continues despite tightened foreign ownership rules.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

From Kyiv, with fraud: Why Canada is a main target of investment scammersThere's a call centre in the Ukrainian capital of Kyiv where employees have one job: to steal the life savings of Canadians through a variety of investment scams, according to a whistleblower who used to work in the industry.
Fonte: CBCNews - 🏆 2. / 99 Consulte Mais informação »