Investments: Warming Trends Up North

When Tory Leader Brian Mulroney campaigned for election last summer, he promised voters that his party would curb Canada's nationalistic economic policies and open the way for more foreign investment. Now he is keeping that pledge. Last week Prime Minister Mulroney's government introduced a bill in Parliament that would reshape the Foreign Investment Review Agency set up by former Prime Minister Pierre Trudeau in 1974.

The agency was created to ensure "significant benefit to Canada" from new foreign business ventures and takeovers. The end result was that it drove away many investors. Under the new name, Investment Canada, the organization...

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