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Canada · Economy & Business · Hard
Which 1970s federal policy, administered by the Foreign Investment Review Agency, screened foreign acquisitions to ensure they provided 'significant benefit'?
Answer: Foreign investment screening — The Foreign Investment Review Agency (FIRA), created in 1973, reviewed foreign takeovers to determine whether they provided significant benefit to the country, a policy later replaced by the Investment Canada Act.
- A Foreign investment screening ✓
- B National Energy Programme
- C Industrial Development Bank lending
- D Competition Act review
The Foreign Investment Review Agency (FIRA), created in 1973, reviewed foreign takeovers to determine whether they provided significant benefit to the country, a policy later replaced by the Investment Canada Act.