Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Canada Tightens Review of Foreign Investment in AI and Quantum Computing

theguru Views  

The Canadian government is set to intensify its scrutiny of foreign capital investment. According to some analysts, this move is seen as aligning with the United States’ efforts to curb China’s influence.

As per industry sources on the 31st, the Canadian government has decided to conduct strict reviews on foreign investment proposals in sensitive areas. The government announced this decision in a statement released on the 26th (local time).

This action by the Canadian government is based on the recently amended Investment Canada Act. The revised law requires foreign enterprises intending to acquire companies in sensitive sectors to report to the Canadian government before finalizing the transaction. As identified by the Canadian government, sensitive sectors include artificial intelligence (AI), quantum computing, and space technology.

With these strengthened measures, the Canadian government can restrict access from foreign investors looking to acquire companies in these sectors during the review period. Consequently, even if acquisition deals are agreed upon, investors may face restrictions in accessing the data and assets of the acquired company.

The Canadian government, which used to adopt an open stance towards foreign investments, is seen to have toughened its review process due to China’s influence. Last year, the Canadian government ordered Chinese investors to sell their stakes in three lithium companies. Some industry insiders believe that Canada is following in the footsteps of the United States, being wary of China’s growing influence.

The Canadian government has hinted at the possibility of expanding the application of these regulations to other sectors in the future, which is expected to draw significant attention.

theguru
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Clocking 52+ Hours a Week? Your Brain May Be Paying the Price

    LIFESTYLE 

  • 2
    Why Age 6 Is a Critical Year for Childhood Obesity Risk

    LIFESTYLE 

  • 3
    Too Much Sitting May Raise Risk of Alzheimer’s, Even If You Exercise, Study Finds

    LIFESTYLE 

  • 4
    Got a Family History of Rare Dementia? This Gene Might Protect You

    LIFESTYLE 

  • 5
    Experts Say Tea, Apples, and Cocoa Might Be the Secret to Lower BP

    LIFESTYLE 

Popular Now

  • 1
    Living Near a Golf Course? Your Risk for Parkinson’s Might Be Higher

    LIFESTYLE 

  • 2
    Prunes: The Underrated Superfruit Your Cardiologist Might Approve Of

    LIFESTYLE 

  • 3
    3 Daily Habits That Might Be Aging Your Brain Faster Than You Think

    LIFESTYLE 

  • 4
    The One-Spoon Habit That’s Taking Over Healthy Mornings

    LIFESTYLE 

  • 5
    Tired of Painful Periods? Your Pantry Might Hold the Cure

    LIFESTYLE 

Must-Reads

  • 1
    Clocking 52+ Hours a Week? Your Brain May Be Paying the Price

    LIFESTYLE 

  • 2
    Why Age 6 Is a Critical Year for Childhood Obesity Risk

    LIFESTYLE 

  • 3
    Too Much Sitting May Raise Risk of Alzheimer’s, Even If You Exercise, Study Finds

    LIFESTYLE 

  • 4
    Got a Family History of Rare Dementia? This Gene Might Protect You

    LIFESTYLE 

  • 5
    Experts Say Tea, Apples, and Cocoa Might Be the Secret to Lower BP

    LIFESTYLE 

Popular Now

  • 1
    Living Near a Golf Course? Your Risk for Parkinson’s Might Be Higher

    LIFESTYLE 

  • 2
    Prunes: The Underrated Superfruit Your Cardiologist Might Approve Of

    LIFESTYLE 

  • 3
    3 Daily Habits That Might Be Aging Your Brain Faster Than You Think

    LIFESTYLE 

  • 4
    The One-Spoon Habit That’s Taking Over Healthy Mornings

    LIFESTYLE 

  • 5
    Tired of Painful Periods? Your Pantry Might Hold the Cure

    LIFESTYLE 

Share it on...