A closer look at the projects open to overseas investment or partnership show that the underlying asset cannot be removed from Canada and relocated to another country, the asset is permanently attached to Canada. Example an oil pipeline, port or mine cannot be moved . About 12 years ago China purchased Nexus oil and gas for $15 billion and the l pushback was considerable but fortunately cooler heads prevailed when it was pointed out that the oil and gas reserves remain here and cannot be moved to China. I wish the government every sucess.
I think the threshold we have crossed is realizing that at this point in time, what we have to offer is extraordinarily valuable, that reliability is more rare than it used to be, so that we can become more assertive about what investment terms we are willing to accept. Walking away from CUSMA negotiations was the example.
Canada’s future is absolutely worth investing in! 🇨🇦
And with a Brilliant Proven Track Record Economist as our PM and the registered smart folks he's surrounded himself with, 100% trust our Country is in the exact right hands scrutinizing which "investors and investments" will positively and safely contribute to our economic stability and ensure Canada, our Sovereignty and Investments Portfolio becomes ever Stronger!
A closer look at the projects open to overseas investment or partnership show that the underlying asset cannot be removed from Canada and relocated to another country, the asset is permanently attached to Canada. Example an oil pipeline, port or mine cannot be moved . About 12 years ago China purchased Nexus oil and gas for $15 billion and the l pushback was considerable but fortunately cooler heads prevailed when it was pointed out that the oil and gas reserves remain here and cannot be moved to China. I wish the government every sucess.
So taxes will go down for the little people.
It has been a concern, watching things unfold to entice FDI, I sincerely thank you for this explanation.
I think the threshold we have crossed is realizing that at this point in time, what we have to offer is extraordinarily valuable, that reliability is more rare than it used to be, so that we can become more assertive about what investment terms we are willing to accept. Walking away from CUSMA negotiations was the example.
Thank you for explaining this so clearly to this very economics-challenged CanGran! ❤️🇨🇦
Very well written. Thank you for facts (that I may have to use against rage-baiters posting from a position of ignorance).
Canada’s future is absolutely worth investing in! 🇨🇦
And with a Brilliant Proven Track Record Economist as our PM and the registered smart folks he's surrounded himself with, 100% trust our Country is in the exact right hands scrutinizing which "investors and investments" will positively and safely contribute to our economic stability and ensure Canada, our Sovereignty and Investments Portfolio becomes ever Stronger!
This is exactly PM Carney’s strength and area of expertise. I have confidence he can navigate the nuances.
Much needed explanation. Thank you.
Thanks for the explainer. It is very helpful in light of previous PRC-based acquisitions of Canadian companies under the previous Trudeau government
Yes that first term open investment policy was rough. The crackdown after 2018 was a much better move.
We also have to remember that Canadians want to make money and many are and were eager to sell off. Can not blame thw one that buys in.