Canadian Government Announces Enhanced Investment Canada Act Scrutiny of Foreign Investments Due to COVID-19 | Practical Law
This Legal Update discusses the Canadian government's April 18, 2020 Policy Statement, which provides for enhanced scrutiny of certain foreign investments under the Investment Canada Act. This policy change seeks to avoid opportunistic investment behaviour during the COVID-19 pandemic. The increased scrutiny applies to foreign investments of any value relating to public health or involving critical goods or services as well as to any foreign investments by state-owned (or related) enterprises. This enhanced scrutiny will remain in effect until the Canadian economy recovers from the COVID-19 pandemic.