OTTAWA-
The Liberal authorities says it should take advantage of vital updates to federal funding screening regulation in additional than a decade to deal with evolving nationwide safety issues.
Business Minister Francois-Philippe Champagne plans to desk proposed amendments to the Funding Canada Act later at the moment.
Champagne’s ministerial mandate letter directs him to advertise financial safety and fight overseas interference by modernizing the regulation to strengthen the nationwide safety evaluation course of and higher reply to threats posed by overseas funding.
He was additionally advised to make use of all instruments, together with the Funding Canada Act, to make sure the safety and improvement of Canada’s crucial minerals.
Canada views the exploration, mining, processing and manufacturing of crucial minerals as important to changing into a world chief within the manufacturing of batteries and different clear applied sciences.
In October, the federal government introduced its intention to limit the involvement of overseas state-owned firms in Canada’s crucial minerals sector amid a worldwide scramble for sources and rising tensions with China.
Supply : https://information.google.com/__i/rss/rd/articles/CBMiemh0dHBzOi8vd3d3LmN0dm5ld3MuY2EvcG9saXRpY3MvbmF0aW9uYWwtc2VjdXJpdHktY29uY2VybnMtcHJvbXB0LWJpbGwtdG8tbW9kZXJuaXplLWZvcmVpZ24taW52ZXN0bWVudC1zY3JlZW5pbmctMS42MTg0ODQz0gEA?oc=5
