The tech giants, such as Facebook, Alphabet/Google, Amazon, Uber, Microsoft and Apple, are sitting on billions of dollars in cash and are using it to acquire young growth companies—notably their intellectual property and talent—anywhere they can find them. That includes Canada.
Although Investment Canada makes it extraordinarily difficult to obtain information, we can garner a partial picture of the steady takeover of Canadian tech companies and their key intellectual property. Image courtesy of Pixabay
TORONTO—Investment Canada boasts that “it continues to play an important role in encouraging investments from global companies.” But is this mission out of date?
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CSC says the external reviewers act as a ‘key safeguard’ to the new ‘structured intervention unit' approach, but the researchers say it's precisely that ‘legitimacy’ the oversight lends that makes its failure a problem.
Pressure is mounting on the Canadian government to back the waiver as it has received support from the U.S. and more than 30 Liberal MPs are calling on Prime Minister Justin Trudeau to champion the initiative.
The partisan finger-pointing that has defined the debate around Bill C-10 over the past two weeks is rooted in an attempt by the government, and a few MPs, to make sure that influential streaming companies that rely on uploaded content, such as YouTube, are bound by rules designed to promote Canadian cultural content, and protect Canadian broadcasters.