Bill S-241

SUMMARY

This enactment amends the Investment Canada Act to provide for the review of foreign investments in Canada that could be contrary to the national interest. An investment is reviewable if the value of the asset is equal to or exceeds two hundred and ninety-five million dollars, the 2008 threshold for review of investments by World Trade Organization member investors; if the investment is being made by a foreign government or political subdivision or agency thereof; if the business exploits non-renewable natural resources for export; if the investment is in a business in a strategic or emerging economic sector; or if the Governor in Council orders a review of the investment. This enactment also provides that the Governor in Council may, by order, take any measures that the Governor in Council considers advisable to protect the national interest.