Government To Bring In National Security Test For Takeovers

Posted on Thursday, October 04 at 10:16 by N Say
[snip]

...Harper said the new national security test should not be seen as an attempt to discourage foreign investment in Canada. "We don't want national security to become an excuse for protectionism as it can and has in some other countries."

The new security test would not single out "a particular transaction, or a particular company or a particular country," Harper said.

The prime minister's comments came in response to a reporter's questions about last week's $5-billion purchase of Calgary-based PrimeWest Energy Trust by an energy company controlled by the Abu Dhabi government.

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Full article: Government to bring in national security test for takeovers

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