This article was last updated on April 16, 2022
Canada: 
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The semi-annual meeting of premiers’ in Toronto on Friday is deemed to include lack of clarity around Canada’s foreign investment rules in its agenda, as at least two premiers are anticipated to focus on the debate. Both premiers are alleged to say that uncertainty around Canada’s rules have kept potential foreign investment dollars aloof of oil and gas pipeline projects and other energy projects in their provinces.
Premier of Alberta who recently visited China in September, Alison Redford, has been informed several times by numerous potential Chinese investors that they are not prepared to invest in the province until and unless the rules are no more unclear. Whereas, Saskatchewan Premier Brad Wall has also mentioned publicly at several occasions that relaxing foreign investment rules would help a company such as French-based Areva, i.e. the world’s second-largest uranium producer, to proceed with majority ownership on projects in northern Saskatchewan. Hence, Wall is also anticipated to speak on the issue tomorrow.
However, already speaking contrary to these notions last week, Canadian Prime Minister Stephen Harper informed an audience at the Toronto campus of Western University’s Ivey School of Business that Canada needs to keep a certain level of discretion in order to prevent foreign takeover bids, in case they are not in a “net benefit” for Canada. Elucidating his point of view at the time, Prime Minister added that “in my opinion, when you are dealing with large state investors, foreign governments as the investor, I think it would be foolish for the Canadian government to provide absolute clarity.”
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