Coronavirus: Ottawa to keep closer eye on foreign takeovers to protect Canadian firms

Article Link: https://globalnews.ca/news/6839688/coronavirus-canadian-firms-foreign-takeovers/

Discussion posted by: Arye ben-Shaoul

The federal government says it is taking steps to protect Canada and Canadian businesses by tightening the rules around foreign takeovers of as the COVID-19 pandemic batters businesses of all shapes and sizes. New measures announced over the weekend will see Ottawa follow other countries in more closely scrutinizing a range of proposed transactions until the economy recovers from the pandemic. Those transactions facing more scrutiny include any attempt by foreign entities to invest in Canadian businesses that deal with public health or the provision of critical goods and services.