As expected, the Canadian government amended its Investment Canada Act, providing new tools to assess the national security risks of foreign investments. The “modernization” includes new pre-closing filing requirements in certain sectors, and increases penalties for non-compliance.

The Canadian government, which recently issued new guidelines on the country’s national security review process, is poised to set even tougher review provisions. Among the proposed changes: More than doubling the penalties for non-compliance with the Investment Canada Act. Details inside.

Just a month after CFIUS published its annual report to Congress, the Canadian government has released its own annual report on the Investment Canada Act, which — among other things — covers the country’s national security review process. Details, takeaways, and the full report are inside.

A Canadian think tank has released a research paper calling for greater transparency in the Canadian foreign investment regime, and allowing for a national security “amicus” to test the government’s evidence. Details, the report, and the potential for a U.S. national security amicus are inside.

Last week, Canada’s Minister of Innovation, Science and Industry said he wouldn’t stop a Chinese firm’s bid for a lithium mining company because there was no risk to national security. Details on the incident and Canada’s new national security regime are inside.

As anticipated, the Canadian government has issued new guidelines on the country’s national security review process. The new guidelines clarify the government can review foreign investments “regardless of the value of the investment.” Details, contacts, and more are inside.

In one of the first actions since strengthening its foreign investment review process, the Canadian government has blocked the acquisition of a gold mine by a Chinese company. Details, source documents, contacts, and an overview of the Canadian regime are inside.

At look at a recent report from the Canadian government, with insights on national security reviews (hint: they’re on the rise).