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New foreign investor policy must continue to measure takeovers by ‘net benefit’ yardstick Add to ...

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The federal government heeded the advice of the business-dominated Economic Advisory Council and set out a new welcome mat for foreign investors in the recent Economic Statement. The threshold for review of foreign takeovers of Canadian companies will be raised to $1-billion from $600-million (up from just $369-million in 2015); a new agency, the Invest in Canada Hub, will be set up with a mandate to woo foreign corporations; and reviews of the security implications of foreign takeovers are likely to be limited.

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