Investment Canada Act
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Investment Canada Act
The Investment Canada Act (ICA) is a Canadian federal law governing large foreign direct investment in Canada. The ICA was one of the first acts of Brian Mulroney's newly elected Progressive Conservative government, receiving royal assent on 20 June 1985. It has been amended at various times, including recently the Economic Action Plan 2013 Act. Pertinent regulations include the Investment Canada Regulations, SOR/85-611. The Act empowers the government to forbid foreign investments of "significant" size if they do not present a "net benefit to Canada." As of 2017, Canadian policy is to consider over $1 billion "significant." The determination of what substantially constitutes the locus of control of a corporation is governed by the Canadian Ownership and Control Determination Act. History The Act was intended to signal Canada's openness to foreign investment and coincided with a narrowed mandate of the Foreign Investment Review Agency (FIRA), which was renamed Investment Ca ...
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Federal Law
Federal law is the body of law created by the federal government of a country. A federal government is formed when a group of political units, such as states or provinces join in a federation, delegating their individual sovereignty and many powers to the central government while retaining or reserving other limited powers. As a result, two or more levels of government exist within an established geographic territory. The body of law of the common central government is the federal law. Examples of federal governments include those of Australia, Brazil, Canada, Germany, Malaysia, Pakistan, Republic of India, Russia, the former Soviet Union and the United States. Australia Brazil Canada Germany India Malaysia Pakistan Russia United States The United States Constitution established through the supremacy clause that the United States Constitution and federal law takes precedent over state law. These powers include the authority to govern international affairs, i ...
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World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governmentsUnderstanding the WTO' Handbook at WTO officia ...
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Government Risk
Government risk manifests when the actions of government increase uncertainty with respect to an organisation, project or activity. Government risk is considered a general risk categorisation primarily used to describe the potential impact of changes in legislation or policies of the executive branch within existing legislation, uncertainty due to electoral factors or demonstrated behaviour of a government or jurisdiction that increases likelihood of instability and therefore uncertainty of decision making. Managing government risk exposure can be achieved through existing internal risk management processes, adherence to ISO standards via custom tools or through third party expertise. Unlike broader and well accepted definitions for related issues such as political risk, government risk has a more micro focus on specific risk issues or indicators that may be unique to a project, reform or investment such as regulatory issues or poor reputation of actors in question due to prev ...
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Civil Servants
The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. A civil servant, also known as a public servant, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and state governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government civil service officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant is ...
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PotashCorp
The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018. The company was the world's largest potash producer and the third largest producer of nitrogen and phosphate, three primary crop nutrients used to produce fertilizer. At the end of 2011, the company controlled twenty percent of the world's potash production capacity, two percent of nitrogen production capacity and five percent of phosphate supply. The company was part-owner of Canpotex, which manages all potash exporting from Saskatchewan. It also had a joint-venture with Sinochem named Sinofert. In late 2013, it was 60%-owned by institutional shareholders. In 2007, the CEO, William Doyle was by far the highest earning CEO in Canada, earning $320 million. History PotashCorp was established by the government of Saskatchewan in 1975. In 1989 it became a ...
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Tony Clement
Tony Peter Clement (born January 27, 1961) is a Canadian former federal politician and former Member of Parliament for Parry Sound—Muskoka in Ontario. Before entering federal politics, Clement served as an Ontario cabinet minister, including as Minister of Health and Long-Term Care under premiers Mike Harris and Ernie Eves. Moving to federal politics, he was a candidate for the leadership of the Conservative Party of Canada after its formation from the merger of the Progressive Conservative and Canadian Alliance parties in 2003. He lost to Stephen Harper. Clement won the seat of Parry Sound—Muskoka in the 2006 federal election, defeating incumbent Liberal cabinet minister Andy Mitchell. The Conservatives formed government in that election and Clement was appointed Minister of Health and Minister for FedNor. He also later served as President of the Treasury Board. Clement was re-elected despite the Conservative defeat in the 2015 election. On July 12, 2016, he announced ...
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Minister Of Industry (Canada)
The minister of innovation, science, and industry (french: ministre de l'Innovation, des Sciences et de l'Industrie) is the minister of the Crown in the Canadian Cabinet who is responsible for overseeing the economic development and corporate affairs department of the Government of Canada; Innovation, Science and Economic Development Canada. The minister of innovation, science and industry is also the minister responsible for Statistics Canada. By convention, the minister of innovation, science and industry also serves as the registrar general of Canada. The current minister of innovation, science and industry is François-Philippe Champagne. History The first century of Canada The office of the registrar general of Canada has traditionally been associated with the responsibility of overseeing corporate affairs, by virtue of its function in registering all letters patent. From Confederation to 1966, the secretary of state for Canada was the registrar general. Between 1966 ...
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Alliant Techsystems
Alliant Techsystems Inc. (ATK) was an American aerospace, defense, and sporting goods company with its headquarters in Arlington County, Virginia, in the United States. The company operated in 22 states, Puerto Rico, and other countries. ATK's revenue in the 2014 fiscal year was about US$4.78 billion. On April 29, 2014, ATK announced that it would spin off its Sporting Group and merge its Aerospace and Defense Groups with Orbital Sciences Corporation. The spinoff of the Sporting Group to create Vista Outdoor and the merger leading to the creation of Orbital ATK were completed on February 9, 2015; both companies began operations as separate entities on February 20, 2015. History ATK was launched as an independent company in 1990, when Honeywell spun off its defense businesses to shareholders. The former Honeywell businesses had supplied defense products and systems to the U.S. and its allies for 50 years, including the first electronic autopilot for B-17 aircraft's bombing miss ...
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Vancouver
Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver, Greater Vancouver area had a population of 2.6million in 2021, making it the List of census metropolitan areas and agglomerations in Canada#List, third-largest metropolitan area in Canada. Greater Vancouver, along with the Fraser Valley Regional District, Fraser Valley, comprises the Lower Mainland with a regional population of over 3 million. Vancouver has the highest population density in Canada, with over 5,700 people per square kilometre, and fourth highest in North America (after New York City, San Francisco, and Mexico City). Vancouver is one of the most Ethnic origins of people in Canada, ethnically and Languages of Canada, linguistically diverse cities in Canada: 49.3 percent of ...
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MacDonald Dettwiler
MDA Ltd. is a Canadian space technology company headquartered in Brampton, Ontario, Canada, that provides geointelligence, robotics & space operations, and satellite systems. History MDA (formerly MacDonald, Dettwiler and Associates) was founded in 1969 by John S. MacDonald and Vern Dettwiler in the basement of MacDonald's Vancouver home. The company became a subsidiary of Orbital Sciences Corporation (OSC) from the United States on 17 November 1995. MDA was primary contractor for, and took ownership of, the RADARSAT-2 Earth observation satellite. MDA bought the space robotics division of Spar Aerospace—manufacturer of the Canadarm—in March 1999, renaming it MD Robotics. The company completed the Mobile Servicing System (including the Canadarm2) for the International Space Station. OSC sold its entire stake in 2001. Nearly 70% was sold to a group of Canadian investors; the Ontario Teachers' Pension Plan (OTPP) became the largest shareholder with a 29% stake. In the 2000s, ...
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Stephen Harper
Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, serving as the party's first leader from 2004 to 2015. Harper studied economics, earning a bachelor's degree in 1985 and a master's degree in 1991. He was one of the founders of the Reform Party of Canada and was first elected in 1993 in Calgary West. He did not seek re-election in the 1997 federal election, instead joining and later leading the National Citizens Coalition, a conservative lobbyist group. In 2002, he succeeded Stockwell Day as leader of the Canadian Alliance, the successor to the Reform Party, and returned to parliament as leader of the Official Opposition. In 2003, Harper negotiated the merger of the Canadian Alliance with the Progressive Conservative Party of Canada to form the Conservative Party of Canada and was ...
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Chief Economist
Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the planning, supervision, and coordination of the economic research. Synopsis Chief economists work primarily in banks and government institutions. By the 2010s, the chief economist position was established at large internet companies such as Google and Microsoft. Further, a trend began in data and financial services companies to utilize chief economists in customer- and media-facing roles to help in placing data in a larger economic context. Government positions In the European Union (EU), the post of Chief Economist (''aka'' Chief Competition Economist) was created in 2003 as part of the European Commission, reporting to the Director General for Competition. This role is primarily focused on advising around th ...
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