The Asia-Pacific Antitrust Review 2017

Canada: Foreign Investment Review

The current majority Liberal government headed by prime minister Justin Trudeau, which was elected in 2015, appears to view foreign investment more favourably than the predecessor Conservative government of former prime minister Stephen Harper. In furtherance of this openness to foreign investment, a new federal body, the Invest in Canada Hub, is to be created to coordinate Canada’s investment promotion activities, and the number of trade commissioners will be increased in markets that are considered strategic to Canada.  Additionally, the government’s Fall Economic Statement, which was tabled on 1 November 2016, announced that the monetary threshold above which direct investments in Canadian businesses are required to be pre-approved under the Investment Canada Act (the Act) is expected to be raised to C$1 billion in 2017, two years earlier than the planned date in 2019. Also, in December 2016, the government published informational guidelines respecting the administration of the national security review provisions of the Act.

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