Stephen Harper to Lay down the law on foreign investment

[William Ashley]

Stephen Harper

When the period expires, the government will be in a position not only to give reasons for the decision but to give broader guidance to the investment community on the kind of foreign investment it is and is not seeking within Canada,”

This was said in relation to BHP, but the BHP situation seems to be opening up another larger foreign investment policy statement. First, not to long ago communications companies were opened up to foreign ownership, a seeming liberalization of the rule. Now the Government seems to had moved to bloc the takeover of POT. It seems rather than treating things case by case the government plans to establish some type of rule for takeovers or investment dealings in general, that lays who can do business in Canada. And that this had not previously been established.

To me this sounds like the government plans to actively veto certain types of foreign business in Canada.

What does this say to you?

Comments?

http://www.ic.gc.ca/eic/site/ic1.nsf/eng/h_00081.html

What does industry Canada say?

http://www.ic.gc.ca/eic/site/ic1.nsf/eng/05929.html

Is there something not in here that would outline the already existing policy?

http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00012.html

If there are changes to this, shouldn't parliament be in agreement to the proposed changes to foreign investment?

Edited November 14, 2010 by William Ashley

[Topaz]

Perhaps the reason behind the new guy from Wall Street, to the PMO, is that the Tories don't know what they are doing and NEED the help.