Investment Canada not serving the country’s best interests

There are two big issues here: Investment Canada's lack of transparency, and the loss of young domestic firms scooped up by foreign multinationals thanks to takeover review threshold limits that are too high. The House Industry Committee has a chance to push for change. But will it?

The committee will meet to discuss amendments to the Industry Canada Act proposed by Innovation Minister François-Philippe Champagne aimed primarily at curtailing China's investment in Canada.The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

May 8, 2023

TORONTO—It is clear that Investment Canada is not serving the country's best interests. It is enabling foreign multinationals to buy up many of our most promising young companies, as well as a succession of our largest firms, without any concern over what this means for t...

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