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Reuters

Business

By Ismail Shakil

Canada proposes overhauling foreign investment rules to tackle security risks

Canada Foreign Investment FrancoisPhilippe Champagne National Security

Canada’s Minister of Innovation, Science and Industry Francois-Philippe Champagne speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada April 25, 2022. REUTERS/Blair Gable/File Photo

(This Dec. 7 story has been corrected to delete the phrase saying that only one deal had been previously blocked under the Investment Canada Act, in the ninth paragraph)

OTTAWA (Reuters) - Canada on Wednesday proposed beefing up its foreign investment rules to give the government greater power to scrutinize and potentially block overseas deals that bring national security risks.

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