Matches in DBpedia 2016-04 for { <http://wikidata.dbpedia.org/resource/Q6060765> ?p ?o }
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- Q6060765 abstract "Invest In Canada is the Government of Canada organization that promotes and attracts foreign direct investment into Canada. As a bureau in the Department of Foreign Affairs, Trade and Development Canada, Invest In Canada assists companies planning to invest in Canada or to expand their Canadian operations. The department was created in 1985 by the Investment Canada Act. Recent practice by the Harper government has been to limit foreign investment to no more than 50% share, a policy designed by Nigel S. Wright during his time at the PMO, although that was thrown out the window prior to the Oliver budget of April 2015 with the sale of a 50.1% share in the Canadian Wheat Board.Foreign direct investment (FDI) by country and by industry are tracked by Statistics Canada; the total in 2012 of FDI was CAD$634bn. New FDI inflow to Canada in 2011 was CAD$40.8bn. Canada was host to CAD$33bn in state-owned enterprise investment over the period between 2005 and 2012. Over the same period, the net FDI increased by CAD$236.1bn, so that SOE FDI was almost 14% of the total. Conversely, Canadian SOEs limit themselves to domestic affairs. The SOE of Canada are not aggressive in this manner: Canadian SOEs have no foreign investments.The Canadian government is planning to raise to CAD$1bn the amount of foreign money that can go into a Canadian company before the investment is reviewed. As of 2012, an investment or takeover of a Canadian business by a WTO investor worth CAD$330mn or more triggers a federal review under the Investment Canada Act. The WTO was implemented in Canada by the World Trade Organization Agreement Implementation Act in 1994. Industry Canada provides a helpful webpage with this information, and explains that WTO members are eligible for CAD$344mn review-free investment as of 12 January 2013. The WTO maintains a membership list. The information on the WTO "amount" permitted by discretion of the Minister of Industry under subsection 14.1(2) of the Investment Canada Act is published annually in January in the Canada Gazette. The government investigates whether the investment is of "net benefit" to Canada, which brings into play a nebulous political definition. Amounts inferior to this limit do not incur political oversight under the Investment Canada Act, so that the foreign investor is treated like any other Canadian investor. This means effectively, that Canada is open to reverse takeover by stealth. Prime Minister Harper clarified this FDI policy area in Toronto on 7 November 2013 when he said that a little wiggle room was needed on foreign takeover rules.".
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