Canada Must Issue A Total Ban On China-Linked Takeovers Of Canadian Companies

And all foreign investment must be capped to less than a majority, to prevent our nation from losing companies amid this crisis.

The Canadian government has announced ‘tighter scrutiny’ on foreign takeovers amid the CCP Coronavirus Crisis.

The move comes after many European countries took action to prevent their companies from being taken away, particularly by Chinese companies.

We face a growing fear that China-government backed companies will try to take over companies that have been devastated by the crisis, seeking to help the CCP profit from the crisis they themselves caused.

So, it’s good to see the government taking an initial step.

However, they must go much further.

We need a TOTAL BAN on any China company being able to takeover any Canadian company. It simply cannot be allowed. China’s influence over our nation must be weakened and eliminated, not enhanced.

Furthermore, we must limit all foreign investment to less than 50%, ensuring majority Canadian ownership of our companies. We must ensure that – when this crisis is over – our homegrown Canadian companies still exist and are still in Canadian hands.

Spencer Fernando

Photo – YouTube

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Bruce

China bought into the Canadian Oil & Gas sector a few years back. CNOC I think bought some major Canadian holdings from many iconic companies. Is Justin making life difficult for them too? Asking for a friend.

Helmut Beintner

China already owns many companies in Canada and the USA by being a major shareholder. Furthermore through business associations, therefore dismissing the consequences would lead to the major problems for us.

shawn harris

Devastating economies, infecting the world with deadly man made viruses,all being done with predatory intentions, as China has inflicted upon every single nation they have had dealings with. Must never ever be rewarded with even more power and control over the very nations that are suffering now, especially Canada. The best solution here is the total removal of all business connections between Canada and China and the repatriation of our Canadian businesses. To be followed up with the complete severing of all political and diplomatic ties. China is a existential threat to Canada and everything we stand for. Our survival,… Read more »

Jeff Harris

Less than 50% ? How about a maximum of 10%. Let’s not wholesale our country and our entrepreneurs to a human rights greasy spoon like the authoritarian regime of China. And speaking of greasy, when will the opposition including the Bloc grow a backbone and more and vote non confidence against the Trudeau regime? I know justin Justin would love that moniker!

Kitsie

Since China wishes to become the most powerful world leader calling the shots, we must take control of our own country or we won’t have one. Pretty simple. Take back our country 100%.

Keith Grant

Stop any purchases of any companies or resource leases

Keith Grant

Stop all sales of companies or resources leases