In brief Following weeks of tariff threats from the U.S. and the imposition of retaliatory Canadian tit-for-tat tariffs and non-tariff measures, the U.S. and Canada are currently in the midst of a trade war that is expected to have significant economic repercussions. On 5 March 2025, the Government of Canada announced that it would take action under the Investment Canada Act (“ICA”) to protect Canadian companies from foreign investors looking to capitalize on the current…
In brief The Government of Canada has published the 2025 financial thresholds for pre-closing, “net benefit” review and approval of foreign investment under the Investment Canada Act (“ICA”). The ICA financial thresholds are reviewed annually and have once again increased. Notably, the financial threshold for trade agreement investors that are not state-owned enterprises (“SOE”) has exceeded CAD 2 billion for the first time. Failure to notify and obtain approval for an investment may result in…