The Canadian government is proposing to toughen scrutiny of foreign takeovers, citing national security concerns, just weeks after a new Indo-Pacific policy identified China as an “increasingly disruptive” power.
Foreign investors hoping to purchase Canadian companies that operate in sensitive sectors will be required to give Ottawa early notification of their intent to buy the asset, the government said. The changes would also hike penalties for foreign investors that run afoul of the rules to a maximum of $25,000 per day per breach. That’s up from $10,000 per breach per day.
“While our government continues to welcome foreign direct investment, we need to be vigilant and protect Canadian interests,” Mr. Champagne said.
About 10 years too late!!!
Looks like 'Liberal' internal polling is going down the shitter, so it must be time to appear as if they're working on an actual, real issue. Even though it's far too late and little to nothing will change.
Sure
Another 'Oopsies' from the gov that is full of Oopsies. It's just national security and some MPs have been bought by the CCP, & I'm sure there is no correlation there. But yes, please 'toughen up scrutiny.' This is like your shitty employee shitting the bed for the 1000th time.
Terdeau already has a shit ton of tax payers money stashed away over there that nobody knows about.
Why bother tightening up now? Everything's probably already stolen by the Chinese anyway
Government controlled journalism....
Is that a pinky promise 🤔
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 ?
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.
More reactionary policy after another Liberal f*ck up