In late 2022 the federal government announced projected changes to its foreign investment policy, which are aimed at addressing various national security concerns. Following that, in February 2023 bill C-34 to amend the Investment Canada Act (ICA) was tabled at the house of common.Â
The bill focuses on high-tech companies, but it also addresses mining and exploration companies with critical mineral aspects. In essence, the bill introduces changes that will pose practical limitations on the ability of these companies to be funded by certain foreign investors, and may increase uncertainty and reduce market transparency.Â
We have various concerns regarding this bill, and in May 2023 we submitted a commentary letter to the House of Commons’ standing committee on Industry, Science and Technology, in which we laid out our concerns and recommendations.Â
Regulatory Submissions
To support a competitive and responsible industry. PDAC undertakes a variety of advocacy and member services work.
Our Advocacy takes on variety of forms, including direct engagement with various government ministries, standing committees and regulatory agencies, as well as responding to public consultations.Â
Below are some of the recent issues we have taken on, with information and links to our submissions.
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17 May, 2023