"I've indicated ... that we would be investigating the possibility of a guideline that would ensure that in the context of state-owned enterprises, as with other foreign direct investment other than state-owned enterprises, that issues of transparency, commerciality and governance are dealt with," Prentice told reporters.
The guidelines would come from the ministry of industry, he said, adding: "So you'll have to stay tuned."
Prentice on Monday signed off on a C$5 billion ($5.07 billion) purchase by state-controlled Abu Dhabi National Energy Co of Canada's PrimeWest Energy Trust .
In October, Prime Minister Stephen Harper had said Taqa's acquisition would be judged on existing rules.
http://ca.news.yahoo.com/s/reuters/071120/business/business_investment_guidelines_col
Note: http://ca.news.yahoo.co...
Prentice Says New Foreign Investment Policy Imminent
Posted on Wednesday, November 21 at 11:10 by N SayContributed By
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Foreign investment is the temporary inflation of a country's money supply, used for the priming of a well for indefinite flow and then becomes a permanent debt on society, draining off the benefits, away from the real owners of the resources.
Now, a foreign bank can "create" imaginary capital that exists only as computer figures, against and for the takeover of another country's, and people's, resources, often enslaving millions, by using the properties of others as collaterals for the theft.
Corporations are not using their own capital for takeovers, but are borrowing imaginary money, the service changes of which then become "tax deductible business expenses", forcing the country, whose resources have been stolen, also to pay for the costs of the theft, while their economists report "growth of the GDP and productivity".
According to StatsCan, up to 97% of foreign investment coming into this country is used to take over existing businesses, firing the employees and stripping the benefits.
CN Rail is a very good example.
The best scam, and con game in human history!!
Ed Deak, Big Lake.
Forgive my skepticism, but the Prentice "guidelines" sound like more of the same song-and-dance that has accompanied the massive, surreptitous sellout of Canada's assets and resources since the 'eighties. I daresay there are few (if any)real "state-owned" enterprises left. ie. the horse has already left the barn, in case no one noticed.
I think the line you quoted is an indirect way of saying 'we want to make it easier to sell Canadian's stuff to China'.
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