Canada to Toughen Foreign Investment Rules for AI, Space Technology [Financial Post (Toronto, Ontario, Canada)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Canada will tighten its scrutiny of foreign investments in artificial intelligence, quantum computing and space technology as the government expands its power to stall and block deals for national security reasons. Non-Canadian companies will have to give advance warning to the government before they invest in or acquire Canadian entities in those key technology sectors, Industry Minister Francois-Philippe Champagne said in an interview with Bloomberg. The tougher rules will also apply to investments in critical minerals and potentially other sectors, he said. Article content Article content The idea is to buy the government time to conduct a national-security review before any transaction gets too far advanced. The would-be buyer or investor may be restricted in its access to the target company's user data or other property while the inquiry is
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BHP
Sec Filings
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/9/24 - Form 6-K
- BHP's page on the SEC website