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In the wake of the Canadian government’s announcement that it plans to make targeted changes to the Investment Canada Act (ICA), the Honourable Christian Paradis, Minister of Industry, announced on May 25 that additional amendments will be made to the ICA and the foreign investment review process
On December 12, 2011, Canada’s Minister of Industry, Christian Paradis, announced that the federal government has reached an out-of-court settlement in its case against U.S. Steel Corp. for its alleged failure to abide by various undertakings that were conditional to the government’s approval of its acquisition of Stelco, a Hamilton-based steel manufacturer, under the Investment Canada Act
