Under the Investment Canada Act (ICA), the federal government has the right to review mergers and acquisitions and evaluate if they create a “net benefit” to Canada. From its implementation in 1985 to 2008, reviews rarely blocked transactions (if ever, I have not found any in literature reviews). However, starting in 2008, the threat of using the ICA to block investments has been raised (LSE-TSX merger) quite often and two transactions (Alliant/MacDonald-Dettwiler and PotashCorp/BHP Biliton) were blocked outright. For the benefits of my readers, I am publishing the inflation-adjusted thresholds for review (above that amount, the federal government has the right to review).
Published by Vincent Geloso
Cornucopian economist, statistics freak and quantitative historian trained at the London School of Economics. I specialize in economic demography, law and economics and economic history (especially the measurement of living standards). View all posts by Vincent Geloso