News Snapshot:
Minister of Innovation, Science and Industry Francois-Philippe Champagne leaves after a media availability on legislation to modernize the Investment Canada Act, in Ottawa, on Dec. 7.Justin Tang/The Canadian Press Canadian technology companies support the federal government’s plan to ramp up scrutiny of foreign takeovers, while pushing Ottawa to ensure that its new rules don’t slow the approval process. One tech executive said the government’s new strategy fits the needs of domestic companies in sectors such as critical minerals, artificial intelligence, semi-conductors and quantum computing, where foreign capital is often essential to growth and intellectual property is the most valuable asset....
