Canada

Canada

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.