Canada's Prime Minister, Stephen Harper, unveiled his new
Cabinet on May 18, 2011, after winning a majority in Parliament in
the May 2 election. Christian Paradis, an MP from Quebec serving
since 2006 and former Minister of Public Works and Government
Services, has been appointed Minister of Industry Canada, replacing
Tony Clement who moved to Treasury Board (to oversee federal
government spending). James Moore, an MP from northern British
Columbia serving since 2000, was re-appointed to his post as
Minister of Canadian Heritage and Official Languages.
The Minister of Industry is responsible for deciding whether to
allow foreign takeovers of certain Canadian businesses, either
himself on the basis of whether the investment will be of "net
benefit to Canada", or (with the ultimate decision being that
of the Governor in Council, ie, the federal Cabinet) on national
security grounds. The Minister of Canadian Heritage is responsible
for "net benefit" reviews of foreign takeovers of
Canadian businesses with activities (no matter how dry and
seemingly "uncultural") in certain cultural industries
(books, magazines, periodicals, newspapers, film, video or audio
recordings, music scores, radio, TV, cable or satellite broadcast
Industry Canada also announced that Jennifer Aitken will soon
replace Richard Saillant as Director General, Investment Review
Division (IRD). Ms. Aitken has been working as legal advisor to
Industry Canada and the IRD for several years and brings a wealth
of experience to the role, which is responsible, on behalf of the
Minister of Industry, for the day-to-day administration and
enforcement of the non-cultural aspects of the Investment Canada
Act. Her sister, Melanie Aitken, is Canada's Commissioner of
Competition, directly responsible for the administration and
enforcement of the Competition Act.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The Commissioner of Competition addressed innovation, enforcement and policy initiatives at the Competition Bureau in his keynote speech, "Strengthening Competition: Innovation, Collaboration and Transparency."
Used car listing website operator CarGurus Inc.'s attempt to force rival Trader Corporation to supply it with vehicle listing data has encountered a dead end as the Competition Tribunal denied it leave to commence a private application under several provisions of the Competition Act.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).