OTTAWA (Reuters) – The Canadian government said on Friday it was strengthening foreign investment guidelines to protect the country’s critical minerals sectors from foreign state-owned enterprises.
Significant transactions by foreign state-owned companies in Canada’s critical minerals sectors would now only be approved on an exceptional basis, Industry Minister Francois-Philippe Champagne and Natural Resources Minister Jonathan Wilkinson said in a joint statement.
(Reporting by Ismail Shakil in Ottawa; Editing by Chris Reese)
