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December 1, 2011

Ottawa should transform the Investment Canada Act to create a broader, more transparent foreign investment review regime to encourage investment inflows while protecting Canadian national interests, according to a new report from the C.D. Howe Institute.  In "Reforming the Investment Canada Act: Walk More Softly, Carry a Bigger Stick," authors Philippe Bergevin and Daniel Schwanen say that Canada should scrap the "net benefit test" that now restricts inbound foreign investment. The authors argue that such an overhaul could help reverse Canada's declining share of global foreign direct investment, and bring Canada in line with its more open peers.

 

Daniel Schwanen

Daniel Schwanen is the Vice President of Research and leads the C.D. Howe Institute's trade and international policy program.  He is an award-winning economist with a passion for international economic policy. He is spearheading Institute programs focused on the link between Canada’s international trade and investment policy and Canadians’ standards of living.