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Investment rules reflect ‘extreme caution,’ lawyer says

Thursday, July 16, 2015 @ 8:00 PM | By Geoff Kirbyson

Canada’s review process for foreign investment is raising eyebrows from global heavyweights because it reduces the amount of capital available to domestic companies looking to expand, create jobs and export goods, critics say.

The World Trade Organization and the World Bank have singled Canada out for having some of the most stringent and onerous investment review provisions among OECD countries.

Six years ago, the federal government added the ability to block mergers or foreign investment to the Investment Canada Act over national security concerns. Since then,...