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According to Industry Minister François-Philippe Champagne, Ottawa did take action to stop foreign companies from “predatory” acquiring American companies after the U.S. started a business war. Following Justin Trudeau’s warning that the intention of U.S. President Donald Trump’s levies was to slam Canada’s economy to ease its annexation, this comes after Prime Minister Justin Trudeau made a warning. Trudeau said on Tuesday,” We actually have to fold up on the one thing he]Trump has said repeatedly: that what he wants is to see the entire Canadian economy collapse, because that will make it easier to conquer us.” According to Champagne, the federal government is updating the Investment Canada Act ( ICA ) guidelines to include the “potential of an investment to undermine Canada’s economic security” as a factor that officials will consider when weighing the risks of proposed foreign takeovers. The government of Canada reviews major foreign investments in terms of their financial rewards to Canada and their possible hazards to Canada’s national security using the ICA. Some American businesses may experience declines in their valuations as a result of a swiftly shifting industry environment, making them vulnerable to opportunistic or aggressive investment behavior from non-Canadians, Champagne said in a statement. Developing Then
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The minister claimed that allowing these businesses to engage in aggressive behavior may “run counter to Canada’s interests” and would be “in the harm of Canada’s financial security.” By preventing international investments that would harm the French economy, French workers, or our regional security, Trudeau had stated that Canada would act quickly on this front.” We continue to balance the objectives of encouraging international investment through an open and certain investment climate while safeguarding Canada’s interests. We will fight for American work. Due to the effects of this trade war, we will take steps to protect American businesses from aggressive behavior, leaving them vulnerable to takeovers, according to Trudeau in Ottawa on Tuesday. &, copy 2025 Global News, a section of Corus Entertainment Inc.
