Right now, Canadian businesses are vulnerable. Many of them are worried they won't survive COVID-19, and that makes them attractive targets for foreign investors. In some cases, it's a win-win: Canada needs foreign capital, and these companies want to acquire assets in a stable and prosperous country. But some of these deals raise real security concerns.
When a state-owned Chinese company pays millions more than anyone else is willing to for a Canadian operation...why is that? What do they think they're getting out of it? How can our government balance the need for foreign money with the risk of handing over Canadian assets and property to other governments? And how many of us are even paying attention?
GUEST: Stephanie Carvin, assistant professor of international affairs at the Norman Paterson School of International Affairs, Carleton University