Tausi Insider

Innovation, Science and Industry Minister Francois-Philippe Champagne responds during Question Period in November. Adrian Wyld/The Canadian Press The Canadian government is proposing to toughen scrutiny of foreign takeovers, citing national security concerns, just weeks after its new Indo-Pacific policy identified China as an “increasingly disruptive” power. “The world has vastly changed in the last few years,” Innovation Minister François-Philippe Champagne said as he unveiled a package of changes to the Investment Canada Act that he said represented the most significant update in more than a decade. “That’s why we must be prepared to face the challenges that could endanger our economic security and national security.” China is not mentioned by name – and the government insists the rules apply equally to all countries – but the changes are geared toward stopping the transfer of intellectual property or trade secrets to foreign countries. “Geopolitics has changed and we need to chang...

In his new book Where to from Here: A Path to Canadian Prosperity, former Finance Minister Bill Morneau proposes a national agenda prosperity, and outlines why the Trudeau government has fallen short on execution when it comes to the economy. Kellyann Petry/Tausi Insider Introduction by Andrew Willis Before Bill Morneau became federal finance minister in 2015, the former Bay Street chief executive officer had to win over voters in some of the country’s poorest neighbourhoods in downtown Toronto. Knocking on doors of families struggling to make ends meet, including recent immigrants scrambling to find housing and jobs, was a “reality check” that Mr. Morneau says he used as a touchstone during his five years in government, and in his post-political career. In an interview ahead of next week’s launch of his book, Where To From Here: A Path To Canadian Prosperity, the 60-year-old said his overarching goal as a politician was improving the country’s anemic economic performance, for the be...