October 27, 2017
The environment for foreign players interested in investing in Canada is becoming increasingly warm under the Trudeau government, as reflected by new regulatory developments and decisions that contrast those made by the preceding Harper government. Partner and M&A co-head John Emanoilidis sat down with the Financial Post to discuss the current landscape of foreign investment in Canada.
When discussing how the current Liberal government’s attitude towards foreign investment differs from that of the previous Conservative government, John said “we’ve seen Trudeau be much more positive on foreign investment. […] In particular, (he) seems to have less philosophical concern about investment from China.”
John goes on to reference two recent approvals of large investments in Canada from Chinese firms as examples of the friendlier foreign investment approach we are seeing from the Trudeau government. The Financial Post article also draws from Torys’ commentary on these controversial deals from “Canada is Open for Foreign Business,” an article in which John and co-writers Omar Wakil and Sophia Tolias point out that both of these Chinese transactions “were approved despite widespread negative media coverage.”
In their analysis of the current regulatory and political environment, the authors of the Torys Quarterly article go on to say that “for now [the federal government is] providing foreign inbound investors with a more open and transparent future, one which could become the defining trait of Trudeau-era foreign investment review.”
To read the full Financial Post article, click here.
To learn more about our foreign investment review practice, click here.