Screening foreign acquisitions may discourage Canadian entrepreneurship, economic growth

The Investment Canada Act, which screens foreign acquisitions of Canadian companies, does not serve the interests of Canadians, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“The unintended consequences of the Investment Canada Act can reverberate through the entire economy, depressing prices for Canadian assets and discouraging entrepreneurship,” said Steven Globerman, Fraser Institute senior fellow, Kaiser Professor of International Business at Western Washington University, and author of An Economic Assessment of the Investment Canada Act.

Wednesday, May 13, 2015 - 10:08am