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On April 26, 2012 the Minister of Finance, Jim Flaherty, introduced the budget implementation legislation, Bill C-38the Jobs, Growth and Long-term Prosperity Actwhich provides for significant amendments to federal legislation in line with the objectives set out in the government’s 2012 Budget Plan
As noted in the last Telecommunications Law Update, the Speech from the Throne delivered on March 3 raised expectations by revealing the federal government's intention to "open Canada's doors further to venture capital and to foreign investment in key sectors, including the satellite and telecommunications industries, giving Canadian firms access to the funds and expertise they need."
In June 2008, the blue-ribbon Competition Policy Review Panel appointed by the federal government issued its report, Compete to Win, on how to raise Canada's standard of living through greater competition and productivity
On March 12, 2009, the most significant amendments to Canada's competition and foreign investment regimes in more than 20 years were enacted when Bill C-10, the Budget Implementation Act, 2009, received Royal Assent
