Thursday, June 22, 2017

USA WARNS CANADA: BE MORE VIGILANT

The head of the House Armed Services Committee in Washington is urging Ottawa to be “more vigilant” in its national-security process when Chinese investors want to buy Canadian high-tech firms that specialize in sophisticated military hardware.
“The United States cannot stop Canada from allowing the Chinese takeover of Norsat,” Mr. Jones told The Globe.
“We can and should, however, re-evaluate any business dealing that potentially affects our defence initiatives.” This is the second warning from the U.S. capital that Ottawa is taking a laissez-faire approach to investment from China and jeopardizing U.S. national security interests.
 

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