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	<title>Invest in Canada &#187; foreign investment</title>
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	<description>The real facts about the Canadian Economy</description>
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		<title>Government butters up foreign reporters to beef up investment</title>
		<link>http://www.invest-in-canada.com/news/government-butters-up-foreign-reporters-to-beef-up-investment.htm</link>
		<comments>http://www.invest-in-canada.com/news/government-butters-up-foreign-reporters-to-beef-up-investment.htm#comments</comments>
		<pubDate>Thu, 11 Jun 2009 15:01:07 +0000</pubDate>
		<dc:creator>investor</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[foreign investment]]></category>

		<guid isPermaLink="false">http://www.invest-in-canada.com/?p=303</guid>
		<description><![CDATA[The Conservative government is flying reporters to Canada and beefing up its presence on the international trade-show circuit, but Trade Minister Stockwell Day wants more bucks to stimulate flagging foreign investment.
Day is pushing his cabinet colleagues for a larger chunk of the $50 million the government sets aside annually in the budget under the Global [...]]]></description>
			<content:encoded><![CDATA[<p>The Conservative government is flying reporters to Canada and beefing up its presence on the international trade-show circuit, but Trade Minister Stockwell Day wants more bucks to stimulate flagging foreign investment.</p>
<p>Day is pushing his cabinet colleagues for a larger chunk of the $50 million the government sets aside annually in the budget under the Global Commerce Strategy.</p>
<p>Internal and external critics, including some of the provinces, have bemoaned Canada&#8217;s weak or outdated image abroad.</p>
<p>&#8220;We are getting the cue from people outside the country who are saying that Canada should market itself more and get the message out about what a good place this country is in which to work and invest and to live,&#8221; Day said in an interview.</p>
<p>Some of the components of a larger visibility push are already in place.</p>
<p>The Department of Foreign Affairs and International Trade has been bringing groups of foreign journalists to Canada, paying for their flights, accommodations and giving them a daily allowance.</p>
<p>While they&#8217;re here, the reporters get special access to high-profile figures such as Day, Finance Minister Jim Flaherty, Bank of Canada governor Mark Carney and the heads of the major banks.</p>
<p>The media coverage pays off in spades, says Day.</p>
<p>One recent junket produced positive coverage in France&#8217;s Le Figaro and Belgium&#8217;s De Tijd, with headlines like, &#8220;Canadian Lessons for Belgium,&#8221; or &#8220;The Canadian banking sector brags it&#8217;s one of the most solid in the world.&#8221;</p>
<p>&#8220;You&#8217;re not buying the ads, you&#8217;re subject to an array of questions from a reporter, which is fair game,&#8221; said Day. &#8220;But we think we&#8217;ve got a fair message that stands up to those investigative questions.&#8221;</p>
<p><a href="http://www.google.com/hostednews/canadianpress/article/ALeqM5i74vNgyEjeseZxu97ZiH-catwBBg">More..</a></p>
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		<title>Investing in Canada to get easier</title>
		<link>http://www.invest-in-canada.com/investments/investing-in-canada-to-get-easier.htm</link>
		<comments>http://www.invest-in-canada.com/investments/investing-in-canada-to-get-easier.htm#comments</comments>
		<pubDate>Fri, 13 Mar 2009 17:36:12 +0000</pubDate>
		<dc:creator>investor</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[foreign investment]]></category>
		<category><![CDATA[Investment Canada Act]]></category>

		<guid isPermaLink="false">http://www.invest-in-canada.com/?p=231</guid>
		<description><![CDATA[The Conservative government plans to drop the barriers to foreign investment under $1 billion, a move critics say could lead to the hollowing out of Canadian business under increased foreign ownership.
The provision in the government&#8217;s budget bill makes good on an election promise by Prime Minister Stephen Harper to relax the rules on foreign investment, [...]]]></description>
			<content:encoded><![CDATA[<p>The Conservative government plans to drop the barriers to foreign investment under $1 billion, a move critics say could lead to the hollowing out of Canadian business under increased foreign ownership.</p>
<p>The provision in the government&#8217;s budget bill makes good on an election promise by Prime Minister Stephen Harper to relax the rules on foreign investment, including measures to encourage more foreign ownership of Canada&#8217;s airlines and uranium mining.</p>
<p>&#8220;It is unfortunate to see the government of Canada acting more in the interest of foreign investment than in the development and support of a Canadian economy,&#8221; Brent Patterson, a spokesperson for the Council of Canadians, said yesterday.</p>
<p>However, Liberal MP Scott Brison (Kings-Hants) acknowledged that foreign investment is key to economic recovery.</p>
<p>Proposed changes to the Investment Canada Act would raise to $1 billion the amount foreign investors from World Trade Organization countries can invest before coming under government review. That threshold now is $312 million in asset value.</p>
<p>&#8220;We are saying anything under a billion dollars doesn&#8217;t need the review that we have right now. Anything over a billion dollars still gets reviewed,&#8221; Industry Minister Tony Clement told reporters.</p>
<p>&#8220;We need foreign direct investment &#8230; because that creates jobs and opportunities for Canadians,&#8221; Clement said, adding there will still be national security interests that will have to be met.</p>
<p><a href="http://www.thestar.com/News/Canada/article/600872">More..</a></p>
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