Liberals look at more changes to foreign investment rules
OTTAWA — The federal government’s decision to more quickly loosen rules on foreign investment in Canadian companies is a signal that the country is more open to international money and more changes are on the way, Finance Minister Bill Morneau said Thursday.
He didn’t detail what further changes could be coming, or what protected industries — telecommunications and cultural companies, for example — the government may open to foreign investors.
Morneau said that whatever rules the government lays down on foreign investment will protect Canadians and national interests, while giving investors clarity so they can consider making investments here.
“If we’re able to do things that create excellent jobs for Canadians, those are things we should be doing,” Morneau said in an interview with The Canadian Press.