Canada: Government, Public Sector

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Article
Canada Proposes To Expand Application Of Investment Canada Act To Foreign Banks And Move Forward With Expanding Fintech Investment Powers
The Government of Canada has introduced Bill C-30, proposing significant amendments to the Bank Act that would fundamentally alter how foreign bank investments in Canada are regulated. These changes would eliminate a decades-old exemption that has shielded certain foreign bank transactions from Investment Canada Act review, potentially subjecting them to both net benefit and national security scrutiny.
Canada Finance
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Torys LLP
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