Elevated scrutiny of foreign investment
24 Mar 2021
The Canadian Minister of Innovation, Science and Industry issued updated Guidelines on the National Security Review of Investments on 24 March 2021. According to the Guidelines, the Government will increase scrutiny of foreign investment in four areas where it sees a heightened risk. These include: 1) sensitive personal data; 2) specified sensitive technology areas; 3) critical minerals; and 4) investments by state-owned or state-influenced foreign investors.
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Not industry specific
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of computer, electronic and optical products, and electrical equipment)
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Services (Electricity, gas, steam and air conditioning supply, Telecommunications, Computer programming, consultancy and related activities, Financial and insurance activities, Scientific research and development, Other professional, scientific and technical activities, Public administration and defence; compulsory social security, Human health activities)
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