ANNOUNCEMENT 03 Mar 2010In March 2010, the government of Canada announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Investment Policy Brief, A Periodic Report by the UNCTAD Secretariat, No. 2, 20 April 2010.
Federal Government Signals Easing of Foreign Ownership Restrictions in Telecom Sector
By John Leddy
On March 3, 2010 the government of Canada announced to increase foreign ownership ceilings in several sectors such as air transportation, uranium activities and telecom sector. This investment policy measure aims at improving the entry conditions for foreign investors.
The proposals for this investment policy measure was included in the June 2008 report, Compete to Win, the Competition Policy Review Panel (the Panel), which made several recommendations for improving the competitiveness and economic performance of the Canadian economy.
On March 3, 2010 the Governor General of the Canadian federal government announced to 'open Canada's doors further to venture capital and to foreign investment in key sectors, including the satellite and telecommunications industries.'